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Archer Daniels Midland Acquires Industrial Property In Lake Park For $5.69M

1425 Watertower Road
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This Industrial property located in FL was sold for $5,690,000 over 2 years ago. The brokers of the deal were Jeremy Gannon, Scott Witkowski, Evan Christiansen, and Sky Groden

The industrial property located at 1425 Watertower Rd in Lake Park has been sold for a price of $5,690,000. Spanning across 26,093 square feet, the property was purchased by Archer Daniels Midland from Opici Wine. The sale price translates to a price per square foot of $218.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $5,690,000
  • Address: 1425 Watertower Rd
  • Market: Lake Park
  • Buyer: Archer Daniels Midland
  • Seller: Opici Wine
  • Buyer's Representative: Scott Witkowski & Jeremy Gannon - Cohen Commercial
  • Seller's Representative: Sky Groden & Evan Christiansen - JLL
  • Square Footage: 26,093
  • Price per Square Foot: $218

Scott Witkowski and Jeremy Gannon from Cohen Commercial represented Archer Daniels Midland as the buyer's representatives in this transaction. On the other hand, Sky Groden and Evan Christiansen from JLL served as the seller's representatives. The deal signifies a successful collaboration between the involved parties, leading to the sale of the industrial property.

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Deals
  • Location
    1425 Watertower Road1425 Watertower Road
  • Sale Price
    $5,690,000$5,690,000
    $218 PPSF$218 PPSF
  • Area
    26,093 SF26,093 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    4 Brokers, 2 Agencies4 Brokers, 2 Agencies

Agents

Scott Witkowski

Scott Witkowski

Deals1
Sold$5.7M

Evan Christiansen

Evan Christiansen

Deals3
Sold$17.9M

Sky Groden

Sky Groden

Deals5
Sold$88M

Agencies

Cohen Commercial Realty

Cohen Commercial Realty

Agency
Deals2
Volume$5.7M

JLL

JLL

Agency
Deals5579
Volume$332.6B

Deal Summary

SALE IMAGE: Jeremy Gannon & Scott Witkowski DATE: 11/12/2021 ADDRESS: 1425 Watertower Rd MARKET: Lake Park ASSET TYPE: Industrial BUYER: Archer Daniels Midland SELLER: Opici Wine BUYER'S REP: Scott Witkowski (@SpeedboatFreddy) & Jeremy Gannon (@J.Gannon) - Cohen Commercial SELLER'S REP: Sky Groden & Evan Christiansen - JLL SALE PRICE: $5,690,000 SF: 26,093 ~ PPSF: $218

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1425 Watertower Road

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