Iconic Equities and Leste Group have acquired an industrial property located at 12101 NW 42nd St in Coral Springs. The property, spanning 4.89 acres, was sold by Sylvia Garnett. The transaction was facilitated by Sky Gorden and Yuri Quispe from JLL. The sale price for the property was $9,500,000, resulting in a price per acre of $1,942,740.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $9,500,000
• Address: 12101 NW 42nd St, Coral Springs
• Market: Coral Springs

This acquisition is part of a larger $300 million programmatic Industrial Outdoor Storage (IOS) venture between Iconic Equities, Leste Group, and a large real estate private equity fund.