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815 South Kings Highway, Fo...

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

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

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

$6,300,000

$152/SF

Building Size

41,362 SF

Asset Type

Industrial

Closing

Jul 10, 2022

AI

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

EML Realty Partners

Buyer

$63M

vol

13 deals

Buyer

Fort Pierce 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

2.52%

Cash-on-Cash

-0.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93