facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Industrial

/

Sale

/

760 Northwest Enterprise Drive

Ian Weiner Of PEBB Enterprises And Jason Sher & Ross Fuerring Of Banyan Development Acquire Industrial Property For $15.25M
SOLDIndustrial

Ian Weiner Of PEBB Enterprises And Jason Sher & Ross Fuerring Of Banyan Development Acquire Industrial Property For $15.25M

760 Northwest Enterprise Drive

$15,250,000

$124/SF

Building Size

122,626 SF

Asset Type

Industrial

Closing

Sep 29, 2025

AI

An 8.31-acre industrial property located at 760 Northwest Enterprise Drive in the Port St. Lucie market has been sold for a total of $15,250,000. The asset features a total square footage of 122,626 and is fully leased to RAW Nutrition.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $15,250,000
  • Square Footage: 122,626
  • Address: 760 Northwest Enterprise Drive
  • Market: Port St. Lucie
  • Price per Square Foot: $124
  • Buyer: Ian Weiner - PEBB Enterprises; Jason Sher & Ross Fuerring - Banyan Development
  • Broker: Mike Ciadella - Cushman & Wakefield
  • Lender: Seacoast Bank

The transaction involved Ian Weiner representing PEBB Enterprises and Jason Sher and Ross Fuerring representing Banyan Development. Mike Ciadella acted as the broker for the seller, facilitating the deal that finalized on September 26, 2025.

Players

Michael Ciadella

Cushman & Wakefield

Broker

$590M

vol

34 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
Ian Weiner

Ian Weiner

PEBB Enterprises

Buyer

$392.6M

vol

23 deals

Buyer
Seacoast Bank
Seacoast BankLender

Port Saint Lucie Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.04%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93