Updated Oct 23, 2026
Tyler Workman Of WREV Acquires Industrial Asset In Port St. Lucie For $2,200,000
1649 Southeast South Niemeyer Circle
$2,200,000
$166/SF
Building Size
13,200 SF
Asset Type
Industrial
Closing
Oct 21, 2026
About this deal
AI
The property involved in this transaction is an industrial asset located at 1649 Southeast South Niemeyer Circle in Port St. Lucie. The sale price of the property was $2,200,000, representing a price per square foot of $166. The total square footage of the asset is 13,200.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,200,000
- Address: 1649 Southeast South Niemeyer Circle
- Market: Port St. Lucie
- Square Footage: 13,200
- Price per Square Foot: $166
- Buyer: Tyler Workman - WREV
- Seller: Raul Rodriguez-Torres
- Brokers: Max Loria & David Richman -STL Commercial
Key individuals involved in this transaction include the buyer Tyler Workman representing WREV and the seller Raul Rodriguez-Torres. The brokers facilitating the deal are Max Loria and David Richman from STL Commercial, who represented the interests of the buyer and seller in the sale.
On the Map
$2,200,000
$166/SF
Industrial
View full map
Players
Port Saint Lucie Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Max Loria to view all their deals.
Browse Port Saint Lucie industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93