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Weston Distribution Center Acquires Industrial Land In Stuart For $1M

Property Image
SOLD
$1,000,000
Nicholas McAndrew
Felipe Echarte
Evan Kristol

Florida

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Industrial
Sold 10/10/2022
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Property Image
SOLD

Weston Distribution Center Acquires Industrial Land In Stuart For $1M

8002 Southwest Jack James Drive, Stuart, Florida 34997, United States

See Similar Deals
Industrial
Sold 10/10/2022
Nicholas McAndrew
Felipe Echarte
Evan Kristol
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Transaction Type:Sale

Located in Stuart, the industrial land at 8002 S.W. Jack James Dr has been sold for $1,000,000. Spanning an area of 13.65 acres, this property is a valuable asset in the market.

Summary of transaction details

  • Property Type: Industrial Land
  • Transaction Amount: $1,000,000
  • Date: 10/10/2022
  • Address: 8002 S.W. Jack James Dr
  • Market: Stuart
  • Buyer: Weston Distribution Center, LLC
  • Seller: Kanner Commerce Center, LLC

Evan P. Kristol, Felipe J. Echarte, and Nicholas McAndrew from Marcus & Millichap represented the buyer and seller in this deal.

Players

Evan Kristol
Marcus & Millichap
Evan Kristol
58 deals$409.7M volume
BROKER
Felipe Echarte
Marcus & Millichap
Felipe Echarte
43 deals$329.1M volume
BROKER
Nicholas McAndrew
Marcus & Millichap
Nicholas McAndrew
16 deals$68M volume(954) 245-3526
BROKER

Details

SOLD
IMAGE: Felipe J. Echarte, Evan P. Kristol & Nicholas McAndrew DATE: 10/10/2022 ADDRESS: 8002 S.W. Jack James Dr MARKET: Stuart ASSET TYPE: Industrial Land ~ ACRES: 13.65 BUYER: Weston Distribution Center, LLC SELLER: Kanner Commerce Center, LLC BROKERS: Evan P. Kristol (@Evan.Kristol), Felipe J. Echarte (@Echarte1) & Nicholas McAndrew (@NickMc561) - Marcus & Millichap (@MarcusMillichap_Fl) SALE PRICE: $1,000,000

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

$53,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12