Sale Marks the Record Cap Rate for ABC Supply

 

Port Orange, FL— Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, completed the $6.775 million sale of an ABC Supply facility located at 406 Oak Place, Port Orange, FL. The deal closed at a national cap rate record for ABC Supply. Senior Vice President and Senior Director Alexander Harrold and Associate Samuel Tobias handled the sale.

 

The seller, an existing client of Matthews™, was a large national industrial owner motivated by the pricing in an active market. The buyer, also a Matthews™ client, sold an industrial property in Los Angeles and completed a 1031 exchange into a less management-intensive investment, with a long-term lease, in a business-friendly state.

 

ABC Supply is the country’s largest wholesale distributor of roofing supplies, with over 600 locations nationwide. The 40,000 square foot facility sits on 5.83 acres of land (16% coverage) allowing for ample room for industrial outside storage.

 

“We achieved the long-term financial goals of both parties by placing them in strategic positions to further build their portfolios,” said Harrold.

 

For more information or to contact Alexander Harrold and Samuel Tobias, please visit www.matthews.com.

 

 

 

 

 

About Matthews™

Matthews Real Estate Investments Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 400 agents and support staff in 14 offices across the United States, continues to focus on expansion into new markets. For more information, please visit www.matthews.com.