Case Study

SSI PETROLEUM ASSIGNMENT

402 Ellis Rd     

The challenge

SSI Petroleum was established in 1964 in Belle Glade, Florida to service the sugar industry in rural Palm Beach County. Since then the company has expanded to include marine, transportation, construction, mining, automotive and manufacturing industries throughout South, Central and now North Florida.  To accommodate their growth in North Florida, SSI Petroleum desired to purchase a warehouse facility for distribution of their lubricant products as well as enough excess land for installation of exterior storage tanks for the storage and distribution of petroleum. SSI Petroleum wanted to be near their potential customers but could only purchase a warehouse property zoned for petroleum and lubricant storage and distribution.

The strategy

Locate and qualify prospective sites for SSI Petroleum within close proximity of industrial and manufacturing entities which will be their customers.

The services

Working on behalf of SSI Petroleum, Colliers was able to help secure the right facility to purchase at a price which fit the SSI Petroleum budget.

The results

This transaction resulted in the sale of a 16,000 SF warehouse facility on 5.56 Acres at the southeast corner of Highway Avenue and South Ellis Road. The site sold for $1,000,000.00.

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