Updated Sep 30, 2025
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
About this deal
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.
On the Map
$15,250,000
$124/SF
Industrial
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Players
Port Saint Lucie 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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93