West Palm Beach, FL – February 11, 2025 – A prominent commercial real estate transaction was recently finalized in West Palm Beach, Florida, with the sale of a commercial warehouse property located at 1601 N Congress Ave. The property, which consists of approximately 12,000 square feet of improved buildings on 1.83 acres, closed for $3,477,000 on January 31, 2025.
Representing the sellers in this transaction were two accomplished commercial real estate professionals, Mark Holmes, Certified Commercial Investment Member (CCIM) of eXp Realty and Erik Johnson, CCIM of Gator Commercial Real Estate. Their expertise, strategic approach, and market insight were integral in achieving a successful transaction for both parties.
“This sale underscores the strong demand for well-located industrial and warehouse properties in the West Palm Beach market,” said Mark Holmes, CCIM. “We were pleased to work closely with our clients to close this deal efficiently and effectively.”
Erik Johnson, CCIM added, “Centrally located, freestanding commercial properties with excess land like this one are unicorns and continue to see high demand due to the area’s economic growth and the need for functional spaces. We are proud to have been a part of this successful transaction.”
The property at 1601 N Congress Ave is an ideal location for a variety of commercial uses and property redevelopment. The subject is in the middle of Palm Beach County, middle of West Palm Beach, with close proximity to Downtown WPB, the Palm Beach International Airport, I95 and the Florida Turnpike plus it’s in a “Path of Progress” with significant projects proposed and under way in the nearby vicinity.
This sale is another sign of the strength and vitality of the commercial real estate market in South Florida, particularly in the warehouse and industrial sectors. It also highlights the value of experienced representation in navigating the complexities of such high-value transactions.
About Mark Holmes, CCIM of eXp Realty
Mark Holmes, CCIM with eXp Realty, brings extensive experience in commercial real estate transactions. Known for his market expertise and negotiation skills, Mark is a trusted advisor to clients in the West Palm Beach area and beyond.
About Erik Johnson, CCIM of Gator Commercial Real Estate
Erik Johnson, CCIM, MBA, with Gator Commercial Real Estate. With a wealth of experience in commercial real estate, Erik is recognized for his strategic approach and ability to facilitate complex deals, ensuring his clients’ goals are met.
For further information or inquiries, please contact:
Mark Holmes, CCIM – eXp Realty
Phone: 561-758-9695
Email: mark@markholmesrealestate.com
Erik Johnson, CCIM, MBA – Gator Commercial Real Estate
Phone: 561-236-2481
Email: erik@gatorcommercial.com
About CCIM
“CCIM stands for Certified Commercial Investment Member. For more than 50 years, CCIMs have been recognized as leading experts in commercial investment real estate. The CCIM lapel pin denotes that the wearer has completed advanced coursework in financial and market analysis, and demonstrated extensive experience in the commercial real estate industry.”
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