Carla Lovett Acquires Fort Pierce Retail Asset From Donnelyn Khourie For $17 Million
2810 Us Route 1
$17,000,000
$229/SF
Building Size
74,226 SF
Asset Type
Retail
Closing
Apr 28, 2026
AI
The transaction involved a retail property located at 2810 US Route 1 in Fort Pierce. The sale was finalized for a price of $17,000,000, covering a total square footage of 74,226. The price per square foot for this transaction was recorded at $229.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $17,000,000
- Address: 2810 US Route 1
- Market: Fort Pierce
- Square Footage: 74,226
- Price per Square Foot: $229
- Buyer: Carla Lovett
- Seller: Donnelyn Khourie
- Broker Representatives: Sebastian Misiewicz & Matthew Lago - Lee & Associates
Key individuals in this transaction included buyer Carla Lovett, who acquired the property, and seller Donnelyn Khourie, who divested the asset. The deal was facilitated by brokers Sebastian Misiewicz and Matthew Lago from Lee & Associates, who represented the respective parties in the negotiation and completion of the transaction.
Players
Fort Pierce 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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93