23,000+ Sq Ft Warehouse Sells for $1.5M

23,000+ Sq Ft Warehouse Sells for $1.5M

On December 1, 2021, Rick Gonzalez, CCIM, ALC, an associate with National Land Realty, sold a 23,470 square foot warehouse in Tavares FL for $1,500,000. Home to the inventor and manufacturer of the SeaRey seaplane, Progressive Aerodyne, this facility was modified for this tenant who has enjoyed this waterfront manufacturing facility for eleven years.

The tenant will stay at this location with a new owner who will enjoy the steady income stream with a 6.9% CAP.

About CCIM

“CCIM stands for Certified Commercial Investment Member. For more than 50 years, CCIMs have been recognized as leading experts in commercial investment real estate. The CCIM lapel pin denotes that the wearer has completed advanced coursework in financial and market analysis, and demonstrated extensive experience in the commercial real estate industry.”


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