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7440 Commercial Circle

BND Holdings Acquires Industrial Property In Fort Pierce, FL For $9.05M
SOLDIndustrial

BND Holdings Acquires Industrial Property In Fort Pierce, FL For $9.05M

7440 Commercial Circle

$9,050,000

$150/SF

Building Size

60,000 SF

Asset Type

Industrial

Closing

Jul 20, 2023

AI

An industrial property located at 7440 Commercial Circle in Fort Pierce, FL has been sold for $9,050,000. The property spans 60,000 square feet, resulting in a price per square foot of $151. The transaction took place on 07/20/2023.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $9,050,000
  • Square Footage: 60,000
  • Price per Square Foot: $151
  • Address: 7440 Commercial Circle, Fort Pierce, FL
  • Market: Fort Pierce, FL

The buyer of the property is BND Holdings, while the seller is the Lunn Family. The deal was brokered by Marc Smouha from Kassin Sabbagh Realty and Jeffrey Chamberlin from SLC Commercial. Marc Smouha can be contacted via email at [email protected] for similar acquisition opportunities.

Players

Marc D. Smouha

Corepoint RE

Broker

$260.5M

vol

36 deals

Broker
BH
BND HoldingsBuyer

Miami 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

1.75%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93