Gulfport, Fla. (Oct. 10, 2023) – Bridgewater Commercial Real Estate announces the sale of a 22,172 square-foot warehouse at 1509 49th Street S for $2.285 million or $103 per square foot.
The building, constructed in 1972, is one of the larger warehouses in the City of Gulfport. The flex building, which sits on 0.85 of an acre, offers about 15 percent office space. There are three grade-level doors that can accommodate tractor-trailer distribution and delivery as well.
The buyer, who had been a tenant in the building for the past two years, financed the transaction with J.P. Morgan Chase Bank.
“I’m quite familiar with this property since I also represented the seller when he bought it in 2019. It’s been a nice piece of investment property for him and it’s close to the beaches, I-275 and downtown St. Pete. The tenants, who were placed in the space by Bridgewater as well, obviously liked it too and were smart enough to purchase it so they can control it for years to come,” listing agent Dan Huntington said.