The industrial property located at 20004 Obrien Road in Groveland features a total space of 65,330 square feet. The asset was sold for $9,000,000, equating to a price per square foot of $138. This warehouse is strategically positioned to support nearby factory operations, responding to the increasing industrial demand in the region.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $9,000,000
• Buyer: Bob Luddy - CaptiveAire Systems
• Seller: Stephen Whitley - Whitley Capital
• Market: Groveland
• Square Footage: 65,330
• Price Per Square Foot: $138

This transaction involved Bob Luddy representing CaptiveAire Systems in the acquisition from Stephen Whitley, who represented Whitley Capital. CaptiveAire's purchase supports its factory operations in the area, which is characterized by a market vacancy rate of 9% and significant new industrial developments in the surrounding Lake County region.