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1509 49th Street South
SOLD

Gulfport Warehouse Sold For $2.285M To Justin Rutherford's Torpedo Design

1509 49th Street South

Industrial
22,172 SF
clock iconSold 239 days ago
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Summary

Sale
FLORIDA
Industrial
22,172 sqft

A Gulfport warehouse in Florida has been sold for $2.285 million, at a price of approximately $103 per square foot. The property, located at 1509 49th Street South, spans across 0.85 acres in the Gulfport market. The industrial asset consists of 22,172 square feet.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $2,285,000
  • Address: 1509 49th Street South
  • Market: Gulfport
  • Acres: 0.85
  • Square Feet: 22,172
  • Price Per Square Foot: $103

The buyer of the warehouse is Justin Rutherford, who is affiliated with Torpedo Design. Notably, Rutherford had been a tenant in the building for two years prior to the purchase. The loan for the transaction was secured through JPMorgan Chase Bank. The broker representing the buyer in this deal is Dan Huntington from Bridgewater Commercial Real Estate.

Players

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    3

  • Agents

    1

  • Agencies

    1

  • Lenders

    1

Dan Huntington's profile picture
Dan Huntington
Bridgewater Commercial Real Estate-image
Commercial Associate
$2.3M Sold

Details

Deal Summary
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SOLD
IMAGE: Justin Rutherford & Dan Huntington DATE: 10/02/2023 ADDRESS: 1509 49th Street South MARKET: Gulfport ASSET TYPE: Industrial ~ ACRES: 0.85 BUYER: Justin Rutherford - Torpedo Design BROKER: Dan Huntington - Bridgewater Commercial Real Estate LENDER: JP Morgan Chase (@JPMorgan) SALE PRICE: $2,285,000 SF: 22,172 ~ PPSF: $103 NOTE: A Gulfport warehouse in Florida was sold for $2.285 million at roughly $103 per square foot. The buyer, connected to Torpedo Design's owner, had been a tenant in the building for two years and secured a loan through JPMorgan Chase Bank.

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Address1509 49th Street South

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