Updated Nov 11, 2026
Bernie Clevens Purchases Industrial Asset From Brandon Hillenburg For $6.1 Million In Fort Walton Beach
103 Lewis Street
$6,100,000
$122/SF
Building Size
50,018 SF
Asset Type
Industrial
Closing
Oct 28, 2026
About this deal
AI
The asset involved in this transaction is an industrial property located at 103 Lewis Street, situated in the Fort Walton Beach market. The sale price of the property was $6,100,000, with a total square footage of 50,018, resulting in a price per square foot of $121.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,100,000
- Address: 103 Lewis Street
- Market: Fort Walton Beach
- Square Footage: 50,018
- Price Per Square Foot: $121
- Buyer: Bernie Clevens
- Seller: Brandon Hillenburg
- Broker: Nick Watson - Matthews
This transaction involved Bernie Clevens as the buyer and Brandon Hillenburg as the seller, with Nick Watson representing the broker agency Matthews in this deal. The property transition reflects a structured interaction between these key stakeholders within the industrial real estate sector.
On the Map
$6,100,000
$122/SF
Industrial
View full map
Players
Fort Walton Beach Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Nick Watson to view all their deals.
Browse Fort Walton Beach industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93