IP Capital Partners & Torchlight Investors Acquire Ocala Industrial Property For $126.5M

The industrial property located at 655 SW 52nd Ave. in Ocala has recently been sold for a total price of $126,500,000. The property spans over 1,900,000 square feet, resulting in a price per square foot of $67. The transaction took place on July 19, 2021, and involved IP Capital Partners and Torchlight Investors as the buyers, while Reich Brothers acted as the sellers.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $126,500,000
• Address: 655 SW 52nd Ave.
• Market: Ocala

The deal was facilitated by a team of brokers from Cushman & Wakefield, including Mike Davis, Adam Spies, Rick Brugge, Rick Colon, Kevin Donner, Dominic Montazemi, Zach Eicholtz, and Brooke Tulley. These brokers represented both the buyers and sellers throughout the transaction process.