Granite Capital Acquires Retail Property From Jeremiah Baron For $19 Million In Port St. Lucie
10330 Us Route 1
$19,000,000
$165/SF
Building Size
114,585 SF
Asset Type
Retail
Closing
Dec 14, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 10330 US Route 1 in the Port St. Lucie market. The asset was sold for $19,000,000, encompassing a total square footage of 114,585, resulting in a price per square foot of $165.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $19,000,000
- Address: 10330 US Route 1
- Market: Port St. Lucie
- Square Footage: 114,585
- Price Per Square Foot: $165
- Buyer: Granite Capital
- Seller: Jeremiah Baron
- Seller's Rep: Conor Mackin & Jeremiah Baron - Jeremiah Baron & Company Commercial Real Estate
The deal involved Granite Capital as the buyer and Jeremiah Baron as the seller. The seller's representation was handled by Conor Mackin and Jeremiah Baron from Jeremiah Baron & Company Commercial Real Estate, indicating a direct involvement of the seller in the brokerage aspect of the transaction.
Players
Port Saint Lucie Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93