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705 North 39th Street

Drew Rosen Purchases Industrial Property At 705 North 39th Street For $1.65M
SOLDIndustrial

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

Conor Mackin

Jeremiah Baron & Company Commercial Real Estate

Broker

$31.3M

vol

4 deals

Broker
Jeremiah Baron & Company Commercial Real Estate
Jeremiah Baron & Company Commercial Real EstateBrokerage

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