Westmount Realty Capital sells 246,818sf warehouse facility in Florida

Westmount Realty Capital has sold a property from its Florida industrial portfolio, the fully occupied 4055 Deer Park Boulevard in St. Augustine, Fla. The financial terms were not disclosed.

The 246,818-square-foot, climate-controlled industrial warehouse is located in one of the most desirable distribution submarkets in the Florida region.

The warehouse was built in 1994, and the space is fully leased to KeHE Distributors, one of the nation’s top wholesale food distributors with 16 distribution centers across North America. KeHE has been a tenant since 2008. This location employs 200 of KeHE’s 5,500 employees. The asset features land to expand the building by 100,000 square feet and also benefits from a recent roof replacement.

“Deerpark is an excellent value-add investment opportunity with top-notch tenant KeHE, one of the largest and most respected organic and specialty food distributors in the country,” said Nick Sands, Westmount’s managing directo