Delray Beach-based Redfearn Capital, a private equity commercial real estate company that targets value add, distressed and opportunistic investment opportunities, acquired an industrial asset for $4.2 million.
Built in 1985, the 25,000-square-foot property, located at 6780 White Drive in Riviera Beach, Florida, is situated on 2-acres. The warehouse features 24’ clear height ceilings, 6 loading doors and outdoor storage.
While expanding throughout Florida, the tenant, World Electric Supply, has been a tenant for over 20 years.
About Redfearn Capital LLC: Redfearn Capital (“RC”) founded in 2014 is a private equity commercial real estate company that targets value add, distressed and opportunistic investment opportunities. RC does property management, construction management and asset management for its portfolio in-house. The Company partnered with an institutional capital partner for larger deals and works with a few high-net-worth family offices for smaller deals creating a compelling growth story. Quick decision making and proven investment principles allow Redfearn Capital to create value in the ever-changing commercial real estate industry. Redfearn Capital has over $650 million of assets under management, over 4.5 million square feet and 225+ active tenants in three states. The company’s HQ is in Delray Beach, Florida.
For more information, visit www.redfearncapital.com.
