STAG Industrial Acquires Industrial Property In Riviera Beach & Lake Worth Beach For $31.75M

An industrial property located at 4268 Westroads Drive, 2230 & 2269 N. 4th Avenue, & 3600 23rd Avenue S. in Riviera Beach and Lake Worth Beach has been sold for $31,750,000. The property spans 148,000 square feet and sits on 17.5 acres. It was sold at a price per square foot of $215 and a price per acre of $1,814,286.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $31,750,000
• Square Footage: 148,000
• Price per Square Foot: $215
• Acres: 17.5
• Price per Acre: $1,814,286

The buyer of the property is STAG Industrial, represented by Benjamin Butcher, while the seller is Eastern Metal Supply.

Benjamin Butcher, from the agency representing STAG Industrial, was involved in the transaction.