Oceanone Property Leases Medical Office To Rayus Radiology In Jupiter
1680 Central Boulevard, Jupiter, Florida 33458, United States
Building Size
9,875 SF
Asset Type
—
Closing
Sep 7, 2022
AI
An office lease transaction has taken place in Jupiter, Florida. The property involved is a medical office located at 1680 South Central Boulevard. The lease was signed between the landlord, Oceanone Property, and the tenant, Rayus Radiology. The lease terms are for a duration of 10 years.
Summary of transaction details
- Property Type: Medical Office
- Transaction Date: 09/08/2022
- Address: 1680 South Central Boulevard, Jupiter
- Landlord: Oceanone Property
- Tenant: Rayus Radiology
- Landlord's Representative: Michael Feldman - Cushman & Wakefield
- Tenant's Representative: Rob Hamman - SVN Florida
- Asking Rent: $33/ft.
- Lease Size: 9,875 SF
- Lease Terms: 10 years
The landlord's representative in this transaction was Michael Feldman from Cushman & Wakefield. On the other hand, Rob Hamman from SVN Florida represented the tenant, Rayus Radiology. This lease transaction marks an important step for the medical office property in Jupiter, Florida.
Players
Jupiter CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93