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1680 Central Boulevard, Jup...

Oceanone Property Leases Medical Office To Rayus Radiology In Jupiter
LEASED

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

Robert Hamman

SVN

Broker

$4.2M

vol

3 deals

Broker

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