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.