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Marvid Corporation Acquires Industrial Property From 3500 Enterprise For $6.93M In Fort Pierce

Property Image
SOLD
$6,925,000
Douglas Legler
Adam Karol
Reid Armor
+ 1

Florida

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Industrial42,714 SF
Sold 03/07/2025
the dealplayerscompscontact
Property Image
SOLD

Marvid Corporation Acquires Industrial Property From 3500 Enterprise For $6.93M In Fort Pierce

3500 Enterprise Road

See Similar Deals
Industrial42,714 SF
Sold 03/07/2025
Douglas Legler
Adam Karol
Reid Armor
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$162
Total Square Footage:42,714 SF
Transaction Type:Sale

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

Douglas Legler
NAI Southcoast
Douglas Legler
2 deals$9.5M volume(772) 405-7778
BROKER
Adam Karol
NAI Southcoast
Adam Karol
2 deals$10.5M volume(772) 291-8856
BROKER
Reid Armor
NAI Southcoast
Reid Armor
3 deals$10.5M volume(772) 286-6292
BROKER
Casey Combs
NAI Southcoast
Casey Combs
1 deal$6.9M volume(772) 285-8769
BROKER
Renaissance Realty Group
Renaissance Realty Group
BROKERAGE

Details

SOLD
IMAGE: Douglas Legler, Casey Combs, Reid Armor & Adam Karol DATE: 03/07/2025 ADDRESS: 3500 Enterprise Road MARKET: Fort Pierce ASSET TYPE: Industrial BUYER: Rita Simkin SELLER: Yuri Libson SELLER'S REP: Douglas Legler (@DougLegler), Casey Combs (@CaseyCombs), Reid Armor (@Reidwifhat) & Adam Karol - NAI Southcoast (@NAISouthcoast) SALE PRICE: $6,925,000 SF: 42,714 ~ PPSF: $162

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$369,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,603.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,828.03
Annual Debt Service$393,936.40