Investment Overview
Synergy Realty Advisors is pleased to present an exceptional heavy industrial (I-2) zoned cold storage opportunity in western Palm Beach County, Florida — immediately available, delivered fully vacant and priced at $3,999,000, or $116 per square foot. This 34,456 SF industrial building includes 16,000 SF of dedicated cold storage built new in 2023 and split into three separate cold storage warehouses, with room for expansion by converting the covered packing area into additional cold storage. Ownership invested $4 million in refrigerated equipment in 2023 — more than the entire asking price today — along with a new roof the same year. The property features 18-20 ft ceilings, a dock-high loading platform for 8 trucks, a loading ramp and ample parking spread across 1.78 acres.
The facility has historically leased on a seasonal basis from January 1 through June 30 for approximately $42,000 per month (roughly 1.5 million produce boxes), leaving the balance of the year open for a second tenant or owner-user operations. It is now offered completely vacant, giving a buyer immediate control of the entire building.
Centrally located in Belle Glade, in western Palm Beach County — ideal for cold storage operations seeking multi-county access across South Florida with seamless routing to all the major distribution hubs, seaports and airports. Rail access is also potentially available right behind the property, which was once served by a rail spur. 55 minutes to the Port of Palm Beach, 1 hour 25 minutes from the Port of Miami. Much of the region's produce is grown in the immediate area, perfect for low-cost cold storage operations and shipping to Miami, Broward and Palm Beach.
Investment Highlights
- ● Immediately available — delivered fully vacant for an owner-user
- ● $3,999,000 / $116 PSF
- ● 34,456 SF industrial building on 1.78 acres
- ● 16,000 SF dedicated cold storage split into three separate warehouses
- ● $4m in refrigerated equipment installed in 2023 — exceeds the full asking price
- ● New roof in 2023
- ● Zoned I-2 Heavy Industrial — ideal for refrigerated/cold storage use
- ● Previously leased seasonally (Jan 1 – June 30) for approximately $42k per month
- ● Space to expand cold storage by enclosing the covered packing area
- ● 18-20 ft ceilings for ample vertical storage space
- ● Platform for 8 trucks for efficient dock height loading plus ramp
- ● Plenty of parking and yard area
- ● Space to add more buildings on the property
- ● Potential access to rail behind the property (was an old rail spur)
- ● 55 minutes to the Port of Palm Beach; 1 hour 25 minutes to the Port of Miami