Taylor Smith Purchases Retail Property From Donnelyn Khourie For $7.6M In Fort Pierce
5900 Tedder Road
$7,600,000
$11/SF
Building Size
653,400 SF
Asset Type
Retail
Closing
Feb 16, 2026
AI
The property asset involved in the transaction is a retail space located at 5900 Tedder Road in Fort Pierce. The asset has a total square footage of 41,988 and was listed at an asking price of $9,100,000. The sale concluded for a price of $7,600,000, resulting in a price per square foot of $181.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,600,000
- Address: 5900 Tedder Road
- Market: Fort Pierce
- Asking Price: $9,100,000
- Square Feet: 41,988
- Price Per Square Foot: $181
- Buyer: Taylor Smith
- Seller: Donnelyn Khourie
- Seller's Representative: Matthew Lago & Sebastian Misiewicz - Lee & Associates
This transaction involved key individuals including Taylor Smith as the buyer and Donnelyn Khourie as the seller. Matthew Lago and Sebastian Misiewicz represented the seller in this deal through their agency, Lee & Associates.
Players
Fort Pierce Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93