Updated May 11, 2026
Northbridge Partners Acquires Industrial Property In Stuart For $30.9 Million With Ted Glasrud Associates As Seller
7675 Southwest Ellipse Way & 7897 Southwest Jack James Drive
$30,900,000
$201/SF
Building Size
100,510 SF
Asset Type
Industrial
Closing
May 7, 2026
About this deal
AI
The property involves an industrial asset located at 7675 Southwest Ellipse Way & 7897 Southwest Jack James Drive in the Stuart market. The sale price was $30,900,000, covering a total square footage of 153,198, which translates to a price per square foot of $202.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $30,900,000
- Buyer: Northbridge Partners
- Seller: Ted Glasrud - Ted Glasrud Associates
- Brokers: Tyler Kuhlman, C'jon Armstead & Luke Hansen - CBRE
Key individuals involved in the transaction include the buyer, Northbridge Partners, and the seller, Ted Glasrud from Ted Glasrud Associates, with representation from brokers Tyler Kuhlman, C'jon Armstead, and Luke Hansen from CBRE, ensuring a straightforward transaction process.
On the Map
$30,900,000
$201/SF
Industrial
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Players
Stuart 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
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93