Hersh Equity Group Acquires Industrial Property In Boynton Beach For $12.8M

Hersh Equity Group proudly announces the successful acquisition of an institutional-grade industrial asset located at 1800 Hypoluxo Road in Boynton Beach, Florida. This property, which was developed in 1985, has become an invaluable addition to HEG's small-bay portfolio. With a total area of 77,480 square feet, this multi-tenant industrial property features remarkable attributes including over 400 linear feet of I95 frontage and the exclusive ownership of one of the only Palm Beach billboards not locked into a lease. The property was sold by Florida Space Storage, with Mark Hunt representing the seller. The transaction was completed for the price of $12,780,000, equating to a price per square foot of $165.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $12,780,000
• Address: 1800 Hypoluxo Road, Boynton Beach, Florida
• Market: Boynton Beach
• Square Footage: 77,480

The buyers in this remarkable acquisition are Corey Schwartz, Steve Bess, and Juda Hersh from Hersh Equity Group, along with Pat Carney from Mindful Capital. On the other side of the deal, Mark Hunt represented the seller, Florida Space Storage. This transaction marks a significant milestone for HEG as it continues to acquire high-quality multi-tenant industrial assets in Florida's primary markets. For any inquiries related to future investment opportunities or investment sales discussions, please contact [email protected].