11/19/2007

Florida industrial property on the market for $18.6M

by

2000 Brunswick Lane

Ideal Aluminum Products has placed its 361,000 square foot manufacturing facility in Deland, Fla., on the market for $18.6 million in a sale/leaseback offering.

Ideal Aluminum has hired John Jenkins of CB Richard Ellis to market the property.

Located at 2000 Brunswick Lane in the Deland Airport Industrial Park, the property is situated on a 29-acre lot. The primary building is a 300,000 square foot office/manufacturing/warehouse facility. Also included are five adjacent buildings that contain 61,000 square feet. The single-tenant property is currently 100 percent occupied and carries a 7.75 capitalization rate. Ideal Aluminum manufactures and distributes commercial and residential aluminum products such as gates, arbors and railings.

Deland is located approximately 18 miles east of Daytona Beach and has a population of roughly 25,000.

Jenkins is a first vice president with CBRE and specializes in industrial property lease transactions, investment sales and large industrial building sales. In 1993, he was a Top Ten Producer of the Decade for CBRE.

Address: 2000 Brunswick Lane, Deland, Fla.

Size: 361,000 square feet

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Filed Under: Industrial

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