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EML Realty Partners Acquires Industrial Property In Fort Pierce For $6.3M

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SOLD
$6,300,000

Florida

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Industrial41,362 SF
Sold 07/11/2022
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Property Image
SOLD

EML Realty Partners Acquires Industrial Property In Fort Pierce For $6.3M

815 South Kings Highway, Fort Pierce, Florida 34945, United States

See Similar Deals
Industrial41,362 SF
Sold 07/11/2022
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$152
Total Square Footage:41,362 SF
Transaction Type:Sale

EML Realty Partners, represented by Eric M. Levitt, has recently acquired an industrial property located at 815 South Kings Highway in Fort Pierce. The property spans 41,362 square feet and was sold for a total price of $6,300,000, resulting in a price per square foot of $152.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $6,300,000
  • Address: 815 South Kings Highway, Fort Pierce
  • Market: Fort Pierce
  • Buyer: EML Realty Partners - Eric M. Levitt
  • Date: 07/11/2022

This acquisition marks an important milestone for EML Realty Partners, showcasing their continued expansion in the industrial real estate market. With the purchase of the 815 South Kings Highway property, they have further strengthened their portfolio in the Fort Pierce area.

Players

Eric M. Levitt
13 deals$63M volume
BUYER

Details

SOLD
IMAGE: Eric M. Levitt DATE: 07/11/2022 ADDRESS: 815 South Kings Highway MARKET: Fort Pierce ASSET TYPE: Industrial BUYER: EML Realty Partners - Eric M. Levitt SALE PRICE: $6,300,000 SF: 41,362 ~ PPSF: $152

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

$336,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
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