Kennedy Investments is pleased to announce KI Florida Fund I’s sale of the Take 5 Oil Change property on April 8th, 2020 for $1.39M. KI Florida Fund I acquired this vacant outparcel for $380,000 in November 2018 and executed a 10-year ground lease with Take 5 Oil Change in March 2019. Take 5 Oil Chance…
The Paycheck Protection Program The CARES Act established the Paycheck Protection Program (PPP). This program allows the Small Business Administration to make forgivable loans to eligible companies. Generally, businesses with fewer than 500 employees, that have been impacted by the COVID-19 crisis, may qualify to receive loans. Acceptable Uses for PPP Loans These loans may…
Kennedy Investments is pleased to announce the sale of two warehouse properties in the Tampa International Airport submarket. On January 7th, 2020, the “Hanna I & II” properties were sold to Dogwood Holdings L.P. for $12M. Kennedy Investments was represented by Rick Brugge of Cushman & Wakefield. Hanna Warehouse I, a ~70K sq. ft. concrete…
KI Florida Fund II will close on February 28th, 2020, and Kennedy Investments be unable to accept investor subscriptions or deposits received after that date. We have received accredited investor subscriptions of more than $17M to date, and have already begun evaluating potential investments for Fund II. We hope to announce our first acquisition in…
Last summer, KI Florida Fund acquired Laurel Run Professional Center, a 53K sq. ft. property at 2100 SE 17th Street in Ocala, Florida. The property is an 80’s vintage garden style suburban office park located at the entrance of a nice gated residential subdivision. It is comprised of 9 one- and two-story buildings on several…