Updated Oct 1, 2026
QRST Properties Secures $12 Million Refinance Loan From Optimum Bank For 1450 Bell Avenue
1450 Bell Avenue
$12,000,000
Building Size
—
Asset Type
Industrial
Closing
Sep 9, 2026
About this deal
AI
The property asset involved in this transaction is a 41.9-acre industrial outdoor storage (IOS) complex located at 1450 Bell Avenue, Fort Pierce, FL 34982. The loan amount secured for this property was $12,000,000 as part of a refinance agreement.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,000,000
- Lender: Optimum Bank
- Borrower: QRST Properties
- Brokers: Isaac Filler, Yossi Koschitzki & Michael Neumann - Filler Capital
- Loan Type: Refinance
Filler Capital LLC facilitated the refinance process, successfully closing the deal while collaborating with Optimum Bank. The brokers involved played a critical role in ensuring the execution of this transaction, reflecting their expertise in managing such financial arrangements.
On the Map
$12,000,000
Industrial
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Players
Fort Pierce Industrial Market Snapshot
Boundary boundary · Industrial · Loan 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