Lakeland Interstate Warehouse
Lakeland Interstate Warehouse is a 53,000 sq. ft. warehouse located directly on Interstate-4 in Lakeland, Florida. The warehouse was originally a single tenant distribution facility and it was sold to an industrial vehicle manufacturer as a user in 2016.
North Dale Mabry Self Storage
North Dale Mabry Self Storage was a 70,000 sq. ft. self-storage facility located in Tampa, Florida. The strategy for this asset was to develop a vacant parcel of land and hold the improved property as a long term investment. The land was purchased in January of 2001, rezoned and developed into a self-storage facility that was completed in May of 2002. The property was performing above expectations and was sold in 2008.
Fowler Distribution Center
Fowler Distribution Center was a 380,000 square foot warehouse property located in Tampa, Florida. When the property was purchased it had approximately $200,000 worth of deferred maintenance and was 40% vacant. The property was held for 4 years and resulted in relatively stable cash flows and a good return for investors when sold in 2007.
Cross Bayou Business Center
Pinellas Park, Florida: Cross Bayou Business Center is a 52,800 sq. ft. industrial condominium complex just west of US Highway 19 in Pinellas Park, Florida. In 2007, Kennedy Investments purchased the land in 2005 and built 22 commercial condominium warehouses for small businesses on Phase 1 of the parcel. All 22 of the condominium units were sold, as was the industrial land in Phase 2. Cross Bayou Business Center was a vacant land parcel in Pinellas Park, Florida situated. . The remaining land in Phase 2 is being marketed for sale to an industrial user.