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

Property Image
SOLD
$9,050,000
Marc D. Smouha
Jeffrey Chamberlin

Florida

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Industrial60,000 SF
Sold
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Property Image
SOLD

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

7440 Commercial Circle

See Similar Deals
Industrial60,000 SF
Sold
Marc D. Smouha
Jeffrey Chamberlin
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$150
Total Square Footage:60000 SF
Transaction Type:Sale

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
Marc D. Smouha
32 deals$249.5M volume(917) 992-5781
BROKER
Jeffrey Chamberlin
SLC Commercial
Jeffrey Chamberlin
2 deals$26.8M volume(772) 528-6056
BROKER
BH
BND Holdings
BUYER

Details

SOLD
IMAGE: Marc Smouha DATE: 07/20/2023 ADDRESS: 7440 Commercial Circle MARKET: Fort Pierce, FL ASSET TYPE: Industrial BUYER: BND Holdings SELLER: Lunn Family BROKER: Marc Smouha (@Marc_Smouha) - Kassin Sabbagh Realty (@Kassin_Sabbagh_Realty) & Jeffrey Chamberlin (@Chamberlin_Jeff) - SLC Commercial SALE PRICE: $9,050,000 SF: 60,000 ~ PPSF: $151 NOTE FROM BROKER: This property was sold off market. For any similar acquisition opportunities please reach out to Marc Smouha [email protected]

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$32,152.75
Cash-on-Cash Return-1.27%
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