Viking Partners Acquires Four Small-Bay Industrial Parks in Florida in an Off-Market Transaction

CINCINNATI, Aug. 5, 2025 /PRNewswire/ -- Viking Partners, a private real estate investment firm, closed on a $50.4 million acquisition of a 409,000-square-foot portfolio of small-bay industrial assets across Daytona Beach and Vero Beach, Florida. The portfolio was acquired off-market in partnership with Decker Capital, reinforcing Viking's reputation for sourcing high-demand assets in desirable investment markets.

"This portfolio represents exactly the kind of off-market opportunity Viking excels at: combining growing markets, an under-supplied asset type and a clear path to value creation," said Bret Caller, CEO and co-founder of Viking Partners. "We're thrilled to bring this portfolio to our investors."

The portfolio of 30 multi-tenant buildings across four industrial parks provides a range of suite sizes and layouts to accommodate the growing tenant demand in the region. Current occupancy is 89 percent, giving the joint-venture an opportunity to lease-up vacant space, convert under-market leases and execute on a targeted capital improvement plan to elevate the assets to best-in-class condition.

Florida's small-bay industrial sector has demonstrated consistent outperformance across cycles, buoyed by supply constraints, growing in-migration and sustained tenant demand. The Vero Beach and Daytona Beach markets specifically offer limited industrial supply, rising rents and strong demographic tailwinds.

"This acquisition establishes immediate market leadership in both regions," Caller said. "By combining our operational strength with Decker Capital's local market knowledge, we unlock long-term value while providing downside protection for our investors."

About Viking Partners
Founded in 2008, Viking Partners is a private real estate investment firm specializing in value-add real estate investments, with a focus on creating long-term value through disciplined acquisition and active asset management. Viking has acquired over $1.5 billion in assets and raised more than $415 million in equity across a diversified portfolio of commercial properties.

With a vertically integrated platform, Viking combines institutional investment discipline with entrepreneurial execution across industrial, retail and office sectors. The firm is particularly active in Midwest commercial real estate investments, targeting high-growth secondary markets where operational leverage and pricing power create strategic advantages.

To learn more, visit vikingprt.com, follow Viking on LinkedIn, or explore the current offering at invest.vikingprt.com.

For Media Inquiries

Please contact:

Steve Reynolds

Viking Partners

Phone: (513) 793-9919

Email: [email protected]

Viking Partners Logo: https://drive.google.com/file/d/1_1wTOKMY8E33Ms_kMBqixPBZkBbFPxCU/view?usp=sharing

 Image Viking Partners Small-Bay Industrial Parks in Florida:

https://drive.google.com/file/d/1t05pD98iZcZDKkGIslJ6eZCnzbrvRabt/view?usp=sharing

SOURCE Viking Partners