Updated Oct 28, 2024
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
About this deal
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.
On the Map
$6,300,000
$152/SF
Industrial
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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