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Max Ducharme Of PMD Capital Management Acquires Industrial Property From Ted Glasrud For $5.2M

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SOLD
$5,200,000
Yoni Sunshine

Florida

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Industrial40,180 SF
Sold 01/14/2026
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SOLD

Max Ducharme Of PMD Capital Management Acquires Industrial Property From Ted Glasrud For $5.2M

3802 Crossroads Parkway

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Industrial40,180 SF
Sold 01/14/2026
Yoni Sunshine
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$129
Total Square Footage:40,180 SF
Transaction Type:Sale

The property asset involved in the transaction is located at 3802 Crossroads Parkway in Fort Pierce, classified as industrial real estate. This concrete-block, small bay industrial building was constructed in 2005 and comprises 14 bays with a clear height of 18 feet. The transaction was completed at a sale price of $5,200,000, with a total square footage of 40,180 and a price per square foot of $129.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $5,200,000
  • Address: 3802 Crossroads Parkway
  • Market: Fort Pierce
  • Square Footage: 40,180
  • Price Per Square Foot: $129
  • Buyer: Max Ducharme - PMD Capital Management
  • Seller: Ted Glasrud - Ted Glasrud Associates
  • Broker Representatives: Yoni Sunshine & Jason Abitbol - APEX Capital Realty

Yoni Sunshine and Jason Abitbol from Apex Capital Realty facilitated the off-market transaction, representing both the buyer and the seller. The property was specifically sourced for the buyer and secured for a competitive price per square foot. For additional off-market industrial opportunities throughout Florida, contact Yoni Sunshine or Jason Abitbol.

Players

Jason Abitbol
26 deals$179M volume(561) 542-3704
BROKER

Yoni Sunshine
APEX Capital Realty
15 deals$38.9M volume(216) 973-9534
BROKER

APEX Capital Realty
BROKERAGE

Details

SOLD
IMAGE: Max Ducharme, Yoni Sunshine & Jason Abitbol DATE: 01/14/2026 ADDRESS: 3802 Crossroads Parkway MARKET: Fort Pierce ASSET TYPE: Industrial BUYER: Max Ducharme - PMD Capital Management SELLER: Ted Glasrud - Ted Glasrud Associates BROKERS: Yoni Sunshine (@YoniSunshine) & Jason Abitbol (@JasonAbitbol) - APEX Capital Realty (@APEXCapitalRealty) SALE PRICE: $5,200,000 SF: 40,180 ~ PPSF: $129 NOTE FROM BROKER: Yoni Sunshine and Jason Abitbol of Apex Capital Realty facilitated this off-market industrial transaction, representing both the buyer and seller. The subject property is a concrete-block, small bay industrial building constructed in 2005, comprised of 14 bays with 18’ clear height. Located in one of Fort Pierce’s most desirable industrial submarkets, the asset was sourced by our team for this specific buyer and secured for under $130 PSF. For additional off-market industrial opportunities throughout Florida, contact Yoni Sunshine or Jason Abitbol.

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

$277,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83