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7440 Commercial Circle

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

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

7440 Commercial Circle

$9,050,000

$150/SF

Building Size

60,000 SF

Asset Type

Industrial

Closing

Jul 20, 2023

AI

The industrial property located at 7440 Commercial Circle in Fort Pierce has been sold for a price of $9,050,000. The property spans 60,000 square feet, resulting in a price per square foot of $151. The transaction involved the buyer BND Holdings, represented by Martin Segal, Rebecca Weinerman, and Rob Logan. The seller in this deal was Bee Electronics Inc.

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
  • Market: Fort Pierce
  • Buyer: BND Holdings (represented by Martin Segal, Rebecca Weinerman, and Rob Logan)
  • Seller: Bee Electronics Inc.

BND Holdings, consisting of Martin Segal, Rebecca Weinerman, and Rob Logan, made the purchase of the industrial property. This acquisition marks their entry into the Fort Pierce market. Bee Electronics Inc., the seller, has completed this transaction with BND Holdings.

Players

Martin Segal

BND Holdings

Buyer

$154.7M

vol

14 deals

Buyer

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