Former Sunbelt Rentals facility and auto dealership sold for $660,000

The former Sunbelt Rentals facility and auto dealership located at 5390 S. U.S. Highway 1 in Fort Pierce sold June 10, 2013 for $660,000. The 3.39-acre property featured a 11,150 SF freestanding building. NAI Southcoast Sales Associate Douglas Legler represented the buyer, Port St. Lucie Investments, Inc., and the seller, The Moody Family Trusts, in the transaction.

The buyer plans to open All Florida Truck Sales, a specialty truck dealer, at the site and has already begun to beautify the property.

“The buyer is planning a nice renovation,” Legler said. “It’s going to be an attractive property.”

Please contact Douglas Legler for other commercial real estate listings or for additional information regarding this sale.

NAI Southcoast closes deal on Indrio Road 147-acre parcel

NAI Southcoast is proud to announce the closing on the sale of a 147 acre parcel located at Indrio Road and Johnston Road in St. Lucie County. Nikolaus M. Schroth, CCIM represented the seller, PNC Bank, in the sale and Jeff Cusson with Coldwell Banker Commercial Saunders Real Estate represented the buyer, Indrio Acres, LLC. The purchase price was $925,000 and the buyer has no immediate plans for the property. The property had been listed for several years and was aggressively marketed through the transition of ownership from RBC Bank to PNC Bank. The sale represents one of several recent land sales in the Treasure Coast area, as a recent increase in activity has been observed.

Please contact Nikolaus M. Schroth, CCIM for other commercial real estate listings or for additional information regarding this sale.

53.58 Acres sold in Fort Pierce for $1,300,000

The 53.58-acre property located at 7701-7709 Indrio Rd. in Fort Pierce sold June 3 for $1,300,000. The property includes two retail buildings, a single family residence and a metal barn. NAI Southcoast President Boyd Bradfield and Vice President Nikolaus Schroth represented the seller, PNC Bank. Hal Dodt of Renaissance Realty Associates represented the buyer.

Church property sold in Palm City for $900,000

The church property located at 5200 SW Martin Highway in Palm City sold May 16 for $900,000. The 8.1-acre property includes a 6,034-square-foot house of worship and a 2,302-square-foot pre-school. The buyer, Iglesia Cristiana Senales De Vida, Inc., of Hollywood, Fla., will take immediate occupancy. NAI Southcoast President Boyd Bradfield represented the seller, United Methodist Church, Inc., as exclusive listing agent.

About NAI Southcoast

Headquartered in Stuart, NAI Southcoast provides a full spectrum of services available to regional, national and international clients via our global network of independent commercial real estate brokerage companies. These include dispositions, leasing, management and receiver work for Industrial, Office, Retail, Investment and Land properties. The firm also represents Tenants and Owners and currently manages nearly 730,000 SF of commercial property. For more information about NAI Southcoast, please visit www.naisouthcoast.com or connect with us on Facebook, LinkedIn, Twitter and Google+.

About NAI Global

NAI Global is one of the leading commercial real estate services providers worldwide. Headquartered in Princeton, New Jersey, NAI Global manages a network of 5,000 commercial real estate professionals and 350 offices in over 55 countries, and completes over $45 billion in annual transaction volume. Since 1978, NAI Global clients have built their businesses on the power of NAI’s expanding network. NAI Global’s extensive services include corporate real estate services, brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain consulting and related advisory services. To learn more, visit www.naiglobal.com.

Church property sold in Tequesta for $600,000

TEQUESTA, FL—The church located at 46 Willow Road in Tequesta sold Monday for $600,000. The 2.41-acre property includes three buildings built between 1966 and 1984 totaling 12,264-square-feet. The church was once occupied by Christ the King Evangelical Lutheran Church. The buyer, Eparchy of Saint Maron of Brooklyn, was represented by Farris Joseph and will take immediate occupancy. Nikolaus M. Schroth with NAI Southcoast represented the seller as exclusive listing agent.

About NAI Southcoast

Headquartered in Stuart, NAI Southcoast provides a full spectrum of services available to regional, national and international clients via our global network of independent commercial real estate brokerage companies. These include dispositions, leasing, management and receiver work for Industrial, Office, Retail, Investment and Land properties. The firm also represents Tenants and Owners and currently manages nearly 730,000 SF of commercial property. For more information about NAI Southcoast, please visit www.naisouthcoast.com or connect with us on Facebook, LinkedIn, Twitter and Google+.

About NAI Global

NAI Global is one of the leading commercial real estate services providers worldwide. Headquartered in Princeton, New Jersey, NAI Global manages a network of 5,000 commercial real estate professionals and 350 offices in over 55 countries, and completes over $45 billion in annual transaction volume. Since 1978, NAI Global clients have built their businesses on the power of NAI’s expanding network. NAI Global’s extensive services include corporate real estate services, brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain consulting and related advisory services. To learn more, visit www.naiglobal.com.

NAI Southcoast expands presence on the Treasure Coast

NAI Southcoast, a commercial and industrial real estate firm based in Stuart, announced today the addition of a Fort Pierce brokerage to its network. The new office is located at 800 Virginia Ave., Suite 38A.

Headquartered in Stuart, NAI Southcoast provides a full spectrum of services available to regional, national and international clients via our global network of independent commercial real estate brokerage companies. These include dispositions, leasing, management and receiver work for Industrial, Office, Retail, Investment and Land properties. The firm also represents Tenants and Owners and currently manages nearly 730,000 SF of commercial property.

NAI Southcoast President Boyd Bradfield said the expansion into Fort Pierce is part of the company’s ongoing commitment to enhance client services.

“The addition of the Fort Pierce office aligns with our strategy to continue to grow our full-service platform, which includes asset and property management for assignments all along the Treasure Coast,” he said.

NAI Southcoast is also seeking one or two experienced commercial brokers to assist in covering St. Lucie and Indian River Counties. Interested candidates should submit resumes to scoast@naisouthcoast.com.

NAI Global’s Chief Economist sees unprecedented global government intervention in his latest white paper

In his latest white paper, “Unprecedented Global Government Intervention,” NAI Global Chief Economist, Dr. Peter Linneman, discusses the dangers and pitfalls of the extraordinary wave of global government intervention we are currently witnessing in capital markets.

Stuart-based NAI Southcoast represents NAI Global in Martin, St. Lucie and Indian River counties.

Citing historical examples, Linneman demonstrates that intervention leads to prolonged periods of stagnation and uncertainty; “In all, government activity is now deterring the very investment it was hoping to spur.”

“As we enter the third quarter of 2012, we are seeing the pattern of unprecedented government intervention continue,” states Dr. Linneman. “Governments around the world are using the powerful tools at their disposal; spending, regulations, fiscal policy, and taxes to interfere with the free market in hope of sparking economic recovery. The result is that instead of recovery, we are experiencing further distress as the Euro crisis intensifies and even Brazil and China’s economies slow.”

On the U.S. economy, Dr. Linneman notes, “the irony is that the belief in big government is occurring even as trust in the U.S. government (and most other governments) is near an all-time low.” He adds,

“Huge deficit spending causes private spending to decline as the private sector realizes that it has a greater future tax liability of equal magnitude. We have witnessed this in the U.S., almost dollar-for-dollar in deficit spending.”

The white paper also addresses the historical cause and effects of regulatory intervention, unemployment statistics, and the upcoming Fiscal Cliff set to unfold in January 2013.

Unprecedented Global Government Intervention follows Global Economic Round-Up where Dr. Linneman evaluated the state of the global economy in Europe, Asia and the United States, including the impact of the continuing European debt crisis, the rise of China and India and the current state of the U.S. economic recovery. The paper is available for free download at www.naisouthcoast.com.