Industrial

"The property's image quality and easy access to major highways for reaching customers was the key as well as its 25,000-square-foot expansion capabilities," says Bussel Realty's Steve Bussel.

“Forsyth County is one of the fastest growing communities in the country, and the industrial market in this region continues to strengthen,” says Lincoln's Jeff Henson.

Located just south of Interstate 595 and minutes from Interstate 95 and Florida's turnpike, the site attracted five bids, ranging from $12 million up to the final sale price of $13.9 million.

From small-box industrial to distribution facilities and manufacturing, there is huge demand across the spectrum of industrial asset classes.

FRP Holdings is the seller of the 40 industrial warehouses and three land parcels.

Interwood Business Center features 24-foot clear heights, dock-high loading, 130- to 190-foot truck courts and both rear-load/cross-dock configurations, allowing accommodation for a wide swath of tenants.

Cargo volumes at the Port of Long Beach increased 11% in April, creating a new record for the first four months of the year.

The deal announced today between NextEra Energy of Juno Beach, FL and Southern Co. of Atlanta includes the assumption of $1.4 billion of Gulf Power debt.