Updated Dec 4, 2024
Sheridan Capital Provides $9M Purchase Loan For Fort Pierce Industrial Property
1450 Bell Avenue, Fort Pierce, Florida 34982, United States
$9,000,000
Building Size
—
Asset Type
Industrial
Closing
May 23, 2022
About this deal
AI
An industrial property located at 1450 Bell Avenue in Fort Pierce, FL has been involved in a recent closed transaction. The property, with an estimated market value, was purchased for $9,000,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $9,000,000
- Address: 1450 Bell Avenue, Fort Pierce, FL
- Market: Fort Pierce, FL
The loan for this purchase transaction was provided by Sheridan Capital, with Joe Fishman representing the lender. The deal was facilitated by brokers Isaac Filler, Yossi Koschitzki, and Elliot Levy from the Meridian Capital Group.
On the Map
$9,000,000
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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93