Trio Investment Group Acquires Industrial Property In Ormond Beach For $5.1M

Located in Ormond Beach, the industrial property at 9 Tower Circle West was recently sold in a transaction brokered by Marcus & Millichap. The property spans across 3.34 acres and offers a total of 72,745 square feet of space. The sale took place on 03/28/2022, with a sale price of $5,153,846, resulting in a price per square foot of $71. The buyer, Trio Investment Group, acquired the property from the seller, ITA Inc. Blinds Co.

Summary of transaction details:

• Property Type: Industrial
• Sale Price: $5,153,846
• Date: 03/28/2022
• Address: 9 Tower Circle West
• Market: Ormond Beach
• Asset Type: Industrial
• Acres: 3.34

The deal was facilitated by Andrew Jaworski and Tarek Chbeir from Marcus & Millichap. They represented both the buyer, Trio Investment Group, and the seller, ITA Inc. Blinds Co. The transaction highlights the importance of experienced brokers in closing successful property deals.