Updated Apr 10, 2026
The Becker Organization Acquires Two Industrial Warehouses In Florida For $5,850,000
601 Mercantile Place & 3101 Skyway Circle
$5,850,000
$83/SF
Building Size
39,600 SF
Asset Type
Industrial
Closing
Apr 1, 2026
About this deal
AI
601 Mercantile Place & 3101 Skyway Circle is an industrial property located in Port St. Lucie & Melbourne, comprising a total square footage of 69,720. The transaction occurred at a sale price of $5,850,000, which equates to a price per square foot of $84.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,850,000
- Square Footage: 69,720
- Sale Price Per Square Foot: $84
- Addresses: 601 Mercantile Place & 3101 Skyway Circle
- Market: Port St. Lucie & Melbourne
- Buyer: Bryan Becker, Scott Glauberg, Joseph Zito, Jon D'Aversa, The Becker Organization
The Becker Organization has successfully acquired these two industrial warehouses, which are fully net-leased to PODS. This acquisition marks the fourth and fifth warehouses net leased to PODS in Florida for The Becker Organization's portfolio.
On the Map
$5,850,000
$83/SF
Industrial
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Players
Port Saint Lucie Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.71%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93