Drew Rosen Purchases Industrial Property At 705 North 39th Street For $1.65M
705 North 39th Street
$1,650,000
$220/SF
Building Size
7,500 SF
Asset Type
Industrial
Closing
Jan 21, 2026
AI
The property involved in this transaction is located at 705 North 39th Street, Fort Pierce, and is categorized as an industrial asset. The sale price for the property was $1,650,000, which translates to a price per square foot of $220 for a total area of 7,500 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,650,000
- Square Footage: 7,500
- Price Per Square Foot: $220
- Buyer: Drew Rosen
- Seller: James Brann
- Buyer’s Representative: Reid Armor - NAI Southcoast
- Seller’s Representative: Conor Mackin - Jeremiah Baron & Company Commercial Real Estate
The transaction involved key individuals, including buyer Drew Rosen and seller James Brann. Reid Armor from NAI Southcoast represented the buyer, while Conor Mackin from Jeremiah Baron & Company Commercial Real Estate represented the seller, facilitating the closing of this industrial property deal.
Players
Fort Pierce 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93