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

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SOLD
$9,050,000
Rebecca Weinerman

Florida

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Property Image
SOLD

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

7440 Commercial Circle

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Industrial60,000 SF
Sold
Rebecca Weinerman
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$150
Total Square Footage:60,000 SF
Transaction Type:Sale

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

14 deals$154.7M volume
BUYER

Rebecca Weinerman
7 deals$55.5M volume
BUYER

Details

SOLD
IMAGE: Rob Logan, Martin Segal & Rebecca Weinerman DATE: 07/20/2023 ADDRESS: 7440 Commercial Circle MARKET: Fort Pierce ASSET TYPE: Industrial BUYER: BND Holdings- Martin Segal (@Martin_j_segal), Rebecca Weinerman (@Rebecca_Weinerman) & Rob Logan SELLER: Bee Electronics Inc. SALE PRICE: $9,050,000 SF: 60,000 ~ PPSF: $151

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$482,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$32,152.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,901.62
Annual Debt Service$514,819.41