Macritchie Group Purchases IOS Asset From Roadworthy Trailer Sales & Repairs For $3.75M
SOLD
$3,750,000
Florida
See Similar DealsIndustrial304,920 SF
Sold 01/06/2026
SOLD
Macritchie Group Purchases IOS Asset From Roadworthy Trailer Sales & Repairs For $3.75M
3208 17th Street East
See Similar DealsIndustrial304,920 SF
Sold 01/06/2026
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$12
Total Square Footage:304,920 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$199,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,322.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,776.91
Annual Debt Service$213,322.96
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