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3208 17th Street East

Macritchie Group Purchases IOS Asset From Roadworthy Trailer Sales & Repairs For $3.75M
SOLDIndustrial

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

Joseph Kassin

Kassin Sabbagh Realty

Broker

$1.1B

vol

14 deals

Broker

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