Gabe Alexander Acquires Industrial Property In Fort Pierce For $12M
7300 Commercial Circle, Fort Pierce, Florida 34951, United States
$12,000,000
$104/SF
Building Size
115,000 SF
Asset Type
Industrial
Closing
Mar 16, 2022
AI
An industrial property located at 7300, 7337, & 7339 Commercial Circle in Fort Pierce has been sold for $12,000,000. The property spans 115,000 square feet, resulting in a price per square foot of $104. The transaction took place on 03/17/2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,000,000
- Address: 7300, 7337, & 7339 Commercial Circle, Fort Pierce
- Market: Fort Pierce
- Buyer: Gabe Alexander
- Seller: Babak Ebrahimzadeh - MasterMind
- Broker: Rachel Mitrogiannis - Ascella Group, LLC
- Square Footage: 115,000
- Price per Square Foot: $104
Rachel Mitrogiannis from Ascella Group, LLC represented the buyer, Gabe Alexander, in this industrial property transaction.
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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93