Macritchie Group Purchases IOS Asset From Roadworthy Trailer Sales & Repairs For $3.75M
3208 17th Street East
$3,750,000
$12/SF
Building Size
304,920 SF
Asset Type
Industrial
Closing
Jan 5, 2026
AI
The property involved in this transaction is located at 3208 17th Street East in Palmetto, FL. It is categorized as an IOS asset and encompasses approximately 7 acres, with a sale price of $3,750,000, resulting in a price per acre of $535,714.
Summary of transaction details:
- Property Type: IOS
- Transaction Amount: $3,750,000
- Address: 3208 17th Street East
- Market: Palmetto, FL
- Acres: 7
- Price Per Acre: $535,714
- Buyer: Macritchie Group
- Seller: Roadworthy Trailer Sales & Repairs
- Brokers: Joseph Kassin & Steven Pollan - KSR
The key individuals involved in this transaction include Joseph Kassin and Steven Pollan, who acted as the brokers representing the seller, Roadworthy Trailer Sales & Repairs, in this deal with the buyer, Macritchie Group.
Players
Palmetto 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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93