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3500 Enterprise Road

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

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

Adam Karol

NAI Southcoast

Broker

$10.5M

vol

2 deals

Broker
Renaissance Realty Group
Renaissance Realty GroupBrokerage

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