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825 Seaway Drive, Fort Pier...

Stan Johnson Co. Brokers Sell Retail Property In Fort Pierce For $4.1M
SOLDRetail

Stan Johnson Co. Brokers Sell Retail Property In Fort Pierce For $4.1M

825 Seaway Drive, Fort Pierce, FL, USA

$4,100,000

$389/SF

Building Size

10,530 SF

Asset Type

Retail

Closing

Nov 19, 2021

AI

Located at 825 Seaway Drive in Fort Pierce, this retail property was recently sold on November 19, 2021. The transaction was facilitated by brokers Jeff Enck and Mike Philbin from Stan Johnson Co. The property spans 10,530 square feet and was sold for a total price of $4,100,000, resulting in a price per square foot of $389.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $4,100,000
  • Address: 825 Seaway Drive
  • Market: Fort Pierce

The deal was successfully closed through the efforts of Jeff Enck and Mike Philbin from Stan Johnson Co. They represented the parties involved in the transaction, showcasing their expertise in the retail market. This sale represents a significant opportunity in the Fort Pierce market for both the buyer and seller.

Players

Jeff Enck

Matthews

Broker

$39M

vol

6 deals

Broker

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

3.87%

Cash-on-Cash

-1.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93