Bang Power sells Pembroke Pines warehouse to EverWest – South Florida Enterprise Journal – South Florida Enterprise Journal

An affiliate of Bang Power obtained a lift of money from promoting a Pembroke Pines distribution warehouse for $58.25 million.
Sheridan Actual Property Funding B LLC, led by Bang Power CEO John “Jack” Owoc in Weston, bought the 248,770-square-foot warehouse at 20351 Sheridan St., on the west facet of town, to Evox FL Pembroke 20351 LLC, managed by Denver-based EverWest Actual Property Buyers. The client has $3.8 billion in industrial actual property below administration, in accordance with its web site. The worth equated to $234 a sq. foot.
It’s located on a 13.7-acre web site simply east of U.S. 27.
Weston-based power drink maker Bang Power acquired the warehouse model new in early 2020 for $40.38 million to make use of for its increasing enterprise. The acquire in worth exhibits how sturdy demand has been for industrial house in South Florida as extra logistics firms search house.
Bang Power associates nonetheless personal the neighboring warehouse and a vacant parcel that could possibly be developed into a 3rd warehouse.
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