EML Realty Partners, based in Jupiter, FL, announced the acquisition of 1881 Main Street in Dunedin, FL (outside of Tampa). The industrial building, known as “The Property,” was purchased for $4,571,000. The all-concrete, 38,000 square foot building on 3.39 acres of land, is fully leased by FedEx for the next several years. The property is on a major commercial road at a lighted intersection.
“As there were several offers on this high quality institutional grade warehouse, we are very appreciative the seller did their due diligence on EML Realty Partners and awarded us the contract,” said Eric M. Levitt, founder of EML Realty Partners. “The property is in a great area outside of the booming Tampa market. The below market rent and adjacent land included in the purchase makes for substantial upside once the lease is converted to market rent.”
EML Realty Partners specializes in the acquisition of opportunistic commercial real estate investments with a high concentration of industrial properties throughout the state of Florida. Founded by Eric M. Levitt, EML Realty Partners specializes in creating value on these properties after they are acquired. Prior to moving to Florida, EML Realty Partners was a very active and well-respected real estate firm in the Mid-Atlantic region.
Learn more about EML Realty Partners and all the properties they own and operate at their newly updated website, www.emlrealtypartners.com and at their LinkedIn page https://www.linkedin.com/company/emlrealtypartners/about/.
About EML Realty Partners
EML Realty Partners, LLC (“EML”) is a commercial real estate investment firm specializing in the acquisition of opportunistic commercial real estate investments. EML also selectively invests in commercial real estate partnerships by providing capital to projects in the form of debt and equity. The EML portfolio is a diverse mix of industrial, flex, office, retail, and entertainment properties providing above market returns for their partners. The Florida portfolio consists of more than 40 properties with a value in excess of $500 million and over 1,000,000 square feet of leasable space.
