James Batmasian Acquires Industrial Properties In Riviera Beach, Mangonia Park & Lake Park For $15.5M

The recently closed transaction in Riviera Beach, Mangonia Park, and Lake Park involved an industrial property spanning 8.1 acres. The property is located at 6758 North Military Trail, 1101 53rd Street South, and 801 15th Street. The sale price for this property was $15,500,000, with a total square footage of 116,650. This translates to a price per square foot of $133.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $15,500,000
• Address: 6758 North Military Trail, 1101 53rd Street South, and 801 15th Street
• Market: Riviera Beach, Mangonia Park, and Lake Park
• Acreage: 8.1 acres

James Batmasian, a prominent buyer in the deal, acquired the property from Harvest Holdings, represented by John Avsius and Jonathan Ginsberg. The transaction was facilitated by brokers Douglas Mandel and Tyler S. Kuhlman from Marcus & Millichap. The involvement of these individuals and companies played a crucial role in the successful completion of the deal.