Marvid Corporation Acquires Industrial Property From 3500 Enterprise For $6.93M In Fort Pierce
3500 Enterprise Road
$6,925,000
$162/SF
Building Size
42,714 SF
Asset Type
Industrial
Closing
Mar 7, 2025
AI
The asset involved in this transaction is an industrial property located at 3500 Enterprise Road in the Fort Pierce market. The property was sold for $6,925,000 and encompasses a total area of 42,714 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,925,000.00
- Address: 3500 Enterprise Road
- Market: Fort Pierce
- Square Footage: 42,714.0
- Seller: 3500 Enterprise
- Buyer: Marvid Corporation
- Seller's Representatives: Douglas Legler, Casey Combs (NAI Southcoast), Reid Armor, Adam Karol
- Brokers: Douglas Legler (NAI Southcoast), Adam Karol (NAI Southcoast)
This deal involved key individuals including Douglas Legler and Adam Karol, both affiliated with NAI Southcoast, who acted as brokers in the transaction. The team representing the seller also included Casey Combs and Reid Armor, providing varied expertise in the deal process that facilitated the transaction.
Players
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
2.29%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93