Jeff Biegun Acquires Warehouse In Port Saint Lucie For $1.4M
1689 SE South Niemeyer Cir Port St. Lucie, FL 34952, USA
$1,405,000
$178/SF
Building Size
7,880 SF
Asset Type
Industrial
Closing
Jun 2, 2023
AI
This Light Industrial property located at 1689-1698 SE South Niemeyer Cir in Port St. Lucie, Florida, was sold for $1,405,000. It spans across 7,880 square feet, resulting in a price per square foot of $178.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: $1,405,000
- Address: 1689-1698 SE South Niemeyer Cir, Port St. Lucie, Florida
- Market: Port Saint Lucie
The buyer of this property is Jeff Biegun, while the seller is Glen Grimes. The deal was facilitated by Baron Christopher Hanson and Alex Rodriguez-Torres of R.T Commercial Real Estate, LLC.
Note from the broker: The transaction took place 20 days ago, and the brokers involved in the deal were Baron Christopher Hanson and Alex Rodriguez-Torres.
Players
Miami 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
11.29%
Cash-on-Cash
-3.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93