Updated Oct 1, 2026
Scott Arenberg Sells Industrial Property In Port St. Lucie For $4.8M With STL Commercial
1532 Southeast Village Green Drive & 1562 Southeast Village Green Drive
$4,800,000
$243/SF
Building Size
19,680 SF
Asset Type
Industrial
Closing
Sep 30, 2026
About this deal
AI
The transaction involved two industrial properties located at 1532 Southeast Village Green Drive and 1562 Southeast Village Green Drive in the Port St. Lucie market. The total sale price for the properties was $4,800,000, encompassing a combined square footage of 37,142. The price per square foot for this sale was calculated at $129.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,800,000
- Square Footage: 37,142
- Address: 1532 Southeast Village Green Drive & 1562 Southeast Village Green Drive
- Market: Port St. Lucie
- Price per Square Foot: $129
- Seller: Scott Arenberg
- Broker Representatives: Max Loria & David Richman -STL Commercial
Scott Arenberg is identified as the seller in this transaction. The brokers who facilitated the sale were Max Loria and David Richman, representing STL Commercial, providing their expertise in the industrial property market during this deal.
On the Map
$4,800,000
$243/SF
Industrial
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Players
Port Saint Lucie Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93