Florida solar contractor SALT Energy recently completed the installation of a 3.24-MW solar project on the roof Badia Spices’ 300,000-sq.-ft manufacturing facility in Sweetwater. The project is currently the largest privately owned solar project in Florida and is capable of offsetting approximately 80% of the facilities electricity consumption.
The 105,365-square-foot warehouse sold for $19.5 million.
A strong performance in the South Florida industrial sector during Covid-19 didn’t fully translate to new milestones in the market’s top sales. The largest industrial sale of 2020, valued at $94 million, still fell below the biggest deals of 2019 and 2018, of $178 million and $180 million, respectively, according to an analysis by The
Badia Spices bought a warehouse in Sweetwater for $44 million. The spices and herbs manufacturer paid about $141 a square foot for the 313,000-square-foot building at 2200 Northwest 112th Avenue in Dolphin Commerce Park, according to a press release.
Badia Spices, Inc. purchased the building from Lagunita Holdings, Inc., for $9,500,000, or $175 per square foot. CLICK ON THE HEADLINE FOR MORE