Posted on January 12, 2016 · Posted in Industrial / Flex

An affiliate of Cabot Properties paid $15.725 million for a tire distribution warehouse in Royal Palm Beach.

601 103rd Ave. North Miami - 2Exeter Florida I LLC, part of Exeter Property Group in Plymouth Meeting, Pennsylvania, sold the 124,420-square-foot warehouse at 601 103rd Ave. North to CICF I FL2B01 LLC, an affiliate of Boston-based Cabot.

The deal equates to $126 per square foot.

The warehouse was built on the 6.5-acre site just north of Southern Boulevard in 2013. It’s leased to American Tire Distributors

 

Source: SFBJ

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