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EML Realty Partners Sells 30,060 Square Foot Industrial Warehouse In Fort Pierce For $4.9M

Property Image
SOLD
$4,900,000

Florida

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Industrial30,060 SF
Sold 09/07/2025
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Property Image
SOLD

EML Realty Partners Sells 30,060 Square Foot Industrial Warehouse In Fort Pierce For $4.9M

309 Angle Road

See Similar Deals
Industrial30,060 SF
Sold 09/07/2025
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$163
Total Square Footage:30,060 SF
Transaction Type:Sale

An industrial warehouse located at 309 Angle Road in Fort Pierce, FL, has been sold for $4,900,000. The asset spans 30,060 square feet and is situated on a 4.2-acre lot. The property features office space, workshop facilities, manufacturing space, cranes, overhead doors, and a fenced yard.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,900,000
  • Seller: Eric M. Levitt
  • Seller's Agency: EML Realty Partners
  • Market: Fort Pierce
  • Sale Price per Square Foot: $163
  • Acres: 4.2
  • Previous Purchase Price: $2,850,000
  • Time of Ownership Before Sale: Less than one year

Eric M. Levitt of EML Realty Partners was the seller in this transaction. The property was acquired less than a year prior to this sale, indicating a significant increase in value during Levitt's ownership.

Players

Eric M. Levitt
EML Realty Partners
Eric M. Levitt
13 deals$63M volume
SELLER

Details

SOLD
IMAGE: Eric M. Levitt DATE: 09/07/2025 ADDRESS: 309 Angle Road MARKET: Fort Pierce ASSET TYPE: Industrial ~ ACRES: 4.2 SELLER: Eric M. Levitt - EML Realty Partners SALE PRICE: $4,900,000 SF: 30,060 ~ PPSF: $163 NOTE: EML Realty Partners sold a 30,060-square-foot industrial warehouse in Fort Pierce, FL for $4.9 million, less than a year after buying it for $2.85 million. The property sits on 4.2 acres and includes office, workshop, and manufacturing space with cranes, overhead doors, and a fenced yard.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$261,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,408.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,228.50
Annual Debt Service$278,742.00