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
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