Bayshore Investment Partners (“BIP”) is pleased to announce the sale of Jaffa Drive Business Park located in St. Cloud (Orlando), Florida. The 63,200 square foot small bay industrial flex warehouse was developed in phases from 2006 to 2018 and was 100% leased at the time of sale. We would like to thank Chad Freedman of Ballaga Freedman & Atkins LLLC who represented BIP and Jones Lang LaSalle’s Luis Castillo and Cody Braise who represented BIP in the disposition. Upon sale, the partnership achieved LP IRR returns of 71.26% and a 2.37x equity multiple in less than 2 years of operations.
Bayshore Investment Partners, LLC («BIP») is a Miami-based real estate investment and management firm that was formed in 2010 to acquire and operate multifamily and commercial properties. Today, BIP acquires apartments, retail centers, and industrial flex assets. BIP has acquired seventeen apartment communities with over 2,200 units since inception and an additional 170,000 square feet of retail and industrial flex assets comprising over $350 million in acquisition value. Combined, the principals have acquired and/or managed over $4 billion of real estate assets nationwide during their careers.
In addition to acquiring properties partnering with high-net-worth family offices, BIP closed on BIP Multifamily Fund I, LP, its first fund focused on 100 to 250 unit apartment communities, 1980s or newer in Florida, Atlanta, Raleigh and Charlotte, with +$38M in commitments raised (including co-invest vehicles). For more information, please visit www.bayshoreinv.com.