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248 James Street

Updated May 22, 2026

David Ragno And Ryan Garzon Of DRG Real Estate Sell Industrial Portfolio For $8.25M In Florida
SOLDIndustrial

David Ragno And Ryan Garzon Of DRG Real Estate Sell Industrial Portfolio For $8.25M In Florida

248 James Street, 4480 Southeast Maricamp Road, 4753 Us Route 90 & 2960 Penn Avenue

$8,250,000

$153/SF

Building Size

23,784 SF

Asset Type

Industrial

Closing

May 19, 2026

About this deal

AI

An industrial portfolio sale was completed consisting of four properties located at 248 James Street, 4480 Southeast Maricamp Road, 4753 US Route 90, and 2960 Penn Avenue, totaling 53,713 square feet. The sale was finalized on 05/20/2026 for a total price of $8,250,000, resulting in a price per square foot of $154 within the markets of Venice, Ocala, and Marianna.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $8,250,000
  • Square Footage: 53,713
  • Price per Square Foot: $154
  • Addresses: 248 James Street, 4480 Southeast Maricamp Road, 4753 US Route 90 & 2960 Penn Avenue
  • Market: Venice, Ocala & Marianna
  • Seller: David Ragno & Ryan Garzon - DRG Real Estate
  • Broker: William Bonomo & Paul Julian - Level Realty

DRG Real Estate has concluded the sale after having acquired the properties in 2025, maintaining an average hold period of 12 months. The brokers involved in the transaction were William Bonomo and Paul Julian from Level Realty.

Players

William Bonomo

Level Realty

Broker

$8.3M

vol

1 deal

Broker

Venice Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $153 per square foot on a published $8.3M for 53,713 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.92%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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