South Florida Warehouse Sells for Double in $55M Deal

By Julia Echison, Commercial Observer

Dalfen Industrial sold an industrial building in South Florida for $55 million — more than double what the Texas-based investor paid in 2020, property records show.

The buyer is LBA Realty, an investor based in Irvine, Calif. The newly acquired, 236,554-square-foot building sits on 16 acres at 3774 Interstate Park Road North in Riviera Beach, Fla., facing Interstate 95 between West Blue Heron Boulevard and MLK Jr.  Boulevard.