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Reich Brothers Acquires Industrial Asset From Downtown Produce In Melbourne For $10.5M

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SOLD
$10,500,000

Florida

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Industrial69,142 SF
Sold 02/06/2025
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SOLD

Reich Brothers Acquires Industrial Asset From Downtown Produce In Melbourne For $10.5M

7856 Ellis Road

See Similar Deals
Industrial69,142 SF
Sold 02/06/2025
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$151
Total Square Footage:69,142 SF
Transaction Type:Sale

The industrial asset located at 7856 Ellis Road in the Melbourne market was sold for a total price of $10,500,000. The property encompasses 69,142 square feet, translating to a price per square foot of $151.

Summary of transaction details:

The transaction saw active participation from both the buyer and seller, with comprehensive efforts made by the broker representing them, Jose Montero, in facilitating the sale effectively at the specified address.

Players

Jose Montero
The Hype Real Estate Group
Jose Montero
11 deals$81.3M volume(305) 323-2762
BROKER

Details

SOLD
IMAGE: Jose Montero DATE: 02/06/2025 ADDRESS: 7856 Ellis Road MARKET: Melbourne ASSET TYPE: Industrial BUYER: Reich Brothers SELLER: Downtown Produce BROKER: Jose Montero (@Jose_Montero9) - The Hype Real Estate Group (@TheHypeRealEstateGroup) SALE PRICE: $10,500,000 SF: 69,142 ~ PPSF: $151 NOTE FROM BUYER: The deal features Reich Brothers as the buyer and Downtown Produce as the seller. Each party participated in the transaction, ensuring a successful transfer of the industrial asset. The broker representing the buyer and seller were integral to facilitating the sale at the specified address.

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