SVN Florida’s Bartow McDonald Closes Large Industrial Asset in Ocala for Market High $3.1MM within 44 Days of Listing
Ocala, Florida (May 1, 2015)—Bartow McDonald IV, Managing Director of SVN Florida serving the Ocala and north Central Florida region, successfully completed a transaction that signifies the growing demand for large industrial assets in the Ocala area. The 89,678 square-foot industrial building closed for $3.1MM, a new market high for this type of asset in the area, within only two months of its listing.
McDonald, an experienced and well-respected commercial real estate Advisor in the Ocala/Gainesville market, represented the seller, Sembler Investments, and provided valuable expertise and guidance during the marketing and transaction process. Holloway Investments purchased the property.
“Thanks to our nationwide coverage by Advisors and advanced marketing tools, we received multiple offers from throughout the country, but it was a local investor that quickly snapped it up,” said McDonald. “In addition, the current tenant in the building, Winco Manufacturing, has renewed its five-year lease and has another five-year option, so it’s a ‘win’ for everyone involved including the Ocala job market.”
Headquartered in Ocala Florida, Winco is a recognized durable medical equipment manufacturer. Successfully conducting business for more than 60 years, the company has more than 90 employees. Thanks to the transaction, the 20-plus-year tenant solidifies its presence, and jobs, in the area.
McDonald has been providing a wealth of knowledge and strategic insights to investors looking to gain a market-share in rapidly growing Marion County and the adjacent areas for 11 years. “The size and velocity of this deal really highlights the demand for large industrial assets in the region. As we continue to track market indicators, we anticipate this high level of interest from investors to continue throughout the rest of the year, and most likely, beyond.”
SVN Florida provides services in more locations than any other Florida commercial real estate firm and Advisors in Jacksonville, St. Augustine, Tallahassee, Panama City, Pensacola, Ocala, New Smyrna Beach, Melbourne, Orlando, Lake Mary, Winter Park, Tampa, St. Petersburg, Sarasota, Bradenton, Naples, Fort Myers, Jupiter, West Palm Beach, Stuart, Fort Lauderdale, Hialeah and Miami. The SVN Florida team represents clients in office, multifamily, retail, industrial, self-storage, hospitality, marina, mobile home park and land transactions.
About Sperry Van Ness Florida Commercial Real Estate Advisors:
Sperry Van Ness International Corporation, a commercial real estate brokerage franchisor, is one of commercial real estate’s most recognized brands, based on the annual Lipsey Survey. The SVN® Organization includes more than 180 locations in 200 markets. SVN Advisors provide brokerage, tenant representation, consultation, asset management, property management, leasing, accelerated marketing and auction services. The Florida team consists of more than 90 Advisors serving locations throughout the state. SVN Advisors represent clients in office, multifamily, retail, industrial, self-storage, hospitality, marina, mobile home park and land transactions. All SVN offices are independently owned and operated. For more information on SVN Florida, visit www.svnflorida.com. For the latest news, trends and issues related to the commercial real estate market, visit SVN Florida’s blog www.svnflorida.com/blog/.
Zeszutko Corp.-PR on behalf of SVN Florida
Jerry Anderson, CCIM, Executive Managing Director
Sperry Van Ness Florida Commercial Real Estate Advisors