Updated May 22, 2026
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.
On the Map
$8,250,000
$153/SF
Industrial
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Players
Venice 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
1.92%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93