SunTrust Sells 124,000SF Warehouse For $2.5M

Jun 13, 2012 No Comments by

Shiloh Christian Center, Inc. acquired the industrial building in Melbourne, FL from SunTrust Banks, Inc. for $2.5 million, or about $20 per square foot in an REO sale.

The warehouse building delivered in 1978 at 3900 Sarno Rd., a few miles from Melbourne International Airport. It totals 124,000 square feet according to CoStar information, and was vacant at the time of sale.

David Murphy and Ronald Rogg of CBRE represented the seller. The buyer was not represented in the sale.

 

Source:  CoStar

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Industrial, Industry News, NA
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