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
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