Updated Sep 21, 2026
Greenbarn Investment Group Acquires 20 Acres Of Commercial Property In Stuart For $12 Million
2601 Southeast Willoughby Boulevard
$12,000,000
$13/SF
Building Size
871,461 SF
Asset Type
Commercial
Closing
Aug 26, 2026
About this deal
AI
The asset involved in this transaction is a commercial property located at 2601 Southeast Willoughby Boulevard in the Stuart market. The property encompasses 20 acres with a total square footage of 871,461. The sale was completed for a price of $12,000,000, translating to a price per square foot of $13.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $12,000,000
- Address: 2601 Southeast Willoughby Boulevard
- Market: Stuart
- Acres: 20
- Square Footage: 871,461
- Price Per Square Foot: $13
- Buyer: Greenbarn Investment Group
- Seller: Jeremiah Baron
- Brokers: Chris Belland & Jerry Follano - CMB Commercial Real Estate
Chris Belland and Jerry Follano, representing CMB Commercial Real Estate, facilitated the transaction for both the buyer, Greenbarn Investment Group, and the seller, Jeremiah Baron, ensuring a smooth completion of the sale.
Players
Stuart Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93