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1689 SE South Niemeyer Cir ...

Jeff Biegun Acquires Warehouse In Port Saint Lucie For $1.4M
SOLDIndustrial

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

Baron Christopher Hanson

Golden Lion Capital Investments

Broker

$1.4M

vol

1 deal

Broker

Miami Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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