Eric M. Levitt Of EML Realty Partners Acquires Industrial Building In Immokalee For $2.8M

The property asset involved in the transaction is a 21,573-square-foot industrial building located at 800 East Main Street, Immokalee. The property, situated on a 5-acre site, was sold for $2,800,000, translating to a price per square foot of $130. It is fully leased to Heritage Supply Group, a division of SRS Distribution and Home Depot, and features outdoor storage and dual bay doors.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $2,800,000
• Address: 800 East Main Street
• Market: Immokalee
• Acres: 5
• Square Footage: 21,573
• Price per Square Foot: $130
• Buyer: Eric M. Levitt - EML Realty Partners

The deal's key individual is Eric M. Levitt, representing EML Realty Partners, who acquired the property. The transaction presents a near-term value-add opportunity due to below-market rents associated with the current lease agreement.