• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar

Tampa Bay News Wire

All news... no paywalls

  • Submit a Release
  • Contact Us
You are here: Home / Commercial Real Estate & Developers / SOLD: Cummins, Inc. Florida Industrial Portfolio

SOLD: Cummins, Inc. Florida Industrial Portfolio

October 22, 2017 by Post

The Stohler Family has sold their interest in 5 properties across the state of Florida. Cummins, Inc. was a long term tenant in these facilities and the family was ready to reuse their capital in other ventures. Mr. Richard Stohler (“Dick”) engaged Nancy Phaneuf Commercial Realty & Development to lead the team in selling each property. Ms. Phaneuf partnered withTen-X.com to co-market the properties and expand her reach to buyers across the country. Buyers from nearly all 50 states inquired about the portfolio. Initially offered as one sale, the Seller sold two properties directly to investors and then participated in an on-line auction through 10-X for the other three. The total time from listing to the closing of all five properties was 8 months. The properties were located in Tampa, Orlando, Jacksonville, Ocala and Ft. Myers.

The seller and broker was impressed by the level of interest by qualified buyers for this type of triple net investment. Apparently, industrial properties are very much in favor with investors. These properties offered strong national credit, good locations and decent values to investors.

Nancy Phaneuf Commercial Realty & Development has over 30 years’ experience in the industrial brokerage and investment worlds. For additional information on available properties, call Nancy Phaneuf at 813.625.1396.

email
print

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)

Related

Filed Under: Commercial Real Estate & Developers

Primary Sidebar

Categories

25 Users Online
1 User Browsing This Page.
Users: 1 Bot

Connect with us

  • View madduxbusinessreport’s profile on Facebook
  • View tbnwire’s profile on Twitter

RSS feed


25 Users Online

© 2023 KnowHowe