Sam Lobue Purchases Industrial Asset In Fort Pierce For $1.299M With Buyer’s Rep East Coast Properties

An industrial property located at 407 Angle Road in Fort Pierce has been sold for $1,299,000. The asset encompasses 166,399 square feet, translating to a price per square foot of $7.80.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $1,299,000
• Buyer: Sam Lobue
• Seller: Michael Sadofski
• Buyer's Representative: Miguelangel Salazar-Pesce & Azael Reyes - East Coast Properties & Commercial Real Estate
• Seller's Representative: Conor Mackin - Jeremiah Baron & Company
• Market: Fort Pierce

This transaction involved the efforts of East Coast CRE and Jeremiah Baron & Company, successfully executing the sale on behalf of their clients. East Coast CRE not only represented the buyer but will also be overseeing the entitlement process to convert the site into an owner-user warehouse and equipment yard.