Industrial Investment Property Sells For $11,000,000

Over 190,000 sq ft industrial building at 1899 N. US Hwy 1 in Ormond Beach sold for $11,000,000.

Ormond Beach, FL – The industrial property located at 1899 N. US Highway 1 in Ormond Beach, FL was purchased for $11,000,000. Almost half of the 193,000+ square foot building has already been leased to Future Foods, a plant based food production company and Forte Frozen, a third party logistics provider. But the new owner will be looking for tenants to fill the remaining space.

Ralph Malmros with SVN Alliance Commercial Real Estate Advisors represented both the buyer and the seller in this transaction.