Updated Oct 29, 2024
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
About this deal
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.
On the Map
$9,050,000
$150/SF
Industrial
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Players
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