McCraney sells industrial building in WPB for $127 psf

McCraney Property Company sold one of three industrial facilities at the Vista Business Park in West Palm Beach for $8.9 million.

Berger Commercial Realty/CORFAC International represented the buyer, who paid $127 per square foot, for the fully occupied industrial building at 2361 and 2365 Vista Parkway.

Berger also retained its position as exclusive leasing agent and property manager for the 70,000-square-foot building.

The property’s new owner is McNab Commerce, a long-established partnership between commercial real estate developers Austin Forman and Jack Loos.

The multi-tenant building is a small bay facility with front-load, grade-level doors and ceilings 18 feet high.

Vista Business Park is a 500-acre, master-planned business park near Interstate 95, Palm Beach International Airport and downtown West Palm Beach.