The Calhoon Commercial Group of Smith & Associates Real Estate Sells Industrial Site on Gandy Boulevard to Ring Power for $2.5M

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High Demand for Industrial Properties in Pinellas Country.

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"Industrial properties, especially those with any vacant acreage, remain in high demand. The lack of inventory in that category and the desire for an easily accessible location made this property highly desirable " said Pat Calhoon, Smith & Associates Real Estate.

The Calhoon Commercial Group of Smith & Associates Real Estate announced today the sale of 2700 Gandy Blvd., a 5.42-acre industrial site in Pinellas County with an 11,800 square foot warehouse. The property generated a high amount of buyer interest and was sold for $ 2,500,000 after being on the market for only thirty days. Sold to the national construction equipment dealer, Ring Power, the lot has easy access to all arterial highways and interstates with a warehouse with a Class A interior buildout, including offices and an entertainment area.

Industrial zoned acreage in Pinellas Country remains scarce. Patrick Calhoon represented the seller, Gandy Property Investments, LLC, and says that multiple offers were received within the first thirty days.

"Industrial properties, especially those with any vacant acreage, remain in high demand. The lack of inventory in that category and the desire for an easily accessible location made this property highly desirable," said Calhoon.

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Sarah Lesch
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