{"id":1004674628,"date":"2023-08-02T06:41:11","date_gmt":"2023-08-02T14:41:11","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004674628"},"modified":"2023-08-02T06:46:51","modified_gmt":"2023-08-02T14:46:51","slug":"motorcoach-store-makes-south-florida-investment","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/motorcoach-store-makes-south-florida-investment\/","title":{"rendered":"The Motorcoach Store Makes South Florida Investment"},"content":{"rendered":"
\"Aerial<\/a>

Aerial view of 5821 24th St. E. Image courtesy of Ian Black Real Estate<\/em><\/p><\/div>\n

The Motorcoach Store<\/strong> has acquired a 139,904-square-foot industrial property in Bradenton, Fla. Avon Cabinet Corp<\/strong>. sold the Class A asset for $18.3 million. Ian Black Real Estate<\/strong> represented both parties in the transaction.<\/p>\n

The property will serve as the company\u2019s national headquarters while also enabling the launch of The Motorcoach Club, a storage and concierge service for luxury diesel RV owners. The location represents a major footprint expansion for the new owner, which had occupied 18,300 square feet at 3231 59th Drive E. for the last 13 years.<\/p>\n

Plans call for a multimillion-dollar renovation program that will result in a luxury RV dealership with 16 service bays, indoor storage for up to 88 luxury RVs and an on-site cabinet. The Motorcoach Store obtained a $16.7 million loan from the seller, according to Manatee County public records, and renovations are expected to be completed early 2024.<\/p>\n

The Motorcoach Store’s new home<\/h2>\n

Situated on a 14-acre lot at 5821 24th St. E., the property comprises a 7,500-square-foot office component and a 100,000-square-foot manufacturing area with 22-foot clear heights. Additional features include 16 grade-level doors, seven dock-high doors, a truck court and 168 parking spots, CommercialEdge shows.<\/p>\n

The industrial property is close to U.S. Route 301 and provides easy access to Interstate 75. The location is 5 miles from Sarasota Bradenton International Airport, 7 miles from downtown Bradenton and within 31 miles of St. Petersburg, Fla.<\/p>\n

The asset changed hands for roughly $130.8 per square foot, a price almost on par with the national average of $129 per square foot that was recorded in June, according to a recent CommercialEdge report<\/a>. The first half of 2023 has seen a significant reduction in industrial transactions, totaling $21.2 billion through June; during the same period of last year, the sales volume had reached $55 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

The property will serve as the company’s new national headquarters.<\/p>\n","protected":false},"author":2991,"featured_media":1004674649,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742,51973],"tags":[52101],"class_list":["post-1004674628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-southwest","tag-ian-black-real-estate"],"acf":[],"yoast_head":"\nThe Motorcoach Store Makes South Florida Investment - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"The Motorcoach Store acquired a 139,904-square-foot, Class A industrial asset in Bradenton, Fla., from Avon Cabinet Corp.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/motorcoach-store-makes-south-florida-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Motorcoach Store Makes South Florida Investment\" \/>\n<meta property=\"og:description\" content=\"The Motorcoach Store acquired a 139,904-square-foot, Class A industrial asset in Bradenton, Fla., from Avon Cabinet Corp.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/motorcoach-store-makes-south-florida-investment\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-02T14:41:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-02T14:46:51+00:00\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/AERIAL-SHOT-e1690978212341.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/motorcoach-store-makes-south-florida-investment\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/motorcoach-store-makes-south-florida-investment\/\",\"name\":\"The Motorcoach Store Makes South Florida Investment - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/motorcoach-store-makes-south-florida-investment\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/motorcoach-store-makes-south-florida-investment\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/AERIAL-SHOT-e1690978212341.jpg\",\"datePublished\":\"2023-08-02T14:41:11+00:00\",\"dateModified\":\"2023-08-02T14:46:51+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"The Motorcoach Store acquired a 139,904-square-foot, Class A industrial asset in Bradenton, Fla., from Avon Cabinet Corp.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/motorcoach-store-makes-south-florida-investment\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/motorcoach-store-makes-south-florida-investment\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/motorcoach-store-makes-south-florida-investment\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/AERIAL-SHOT-e1690978212341.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/AERIAL-SHOT-e1690978212341.jpg\",\"width\":4111,\"height\":3083,\"caption\":\"Aerial view of 5821 24th St. E. 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