Jacob Ramage Acquires Self Storage Facility In Jupiter From Clifford I. Hertz For $9.1M
1125 Jupiter Park Dr, Jupiter, FL, USA
$9,112,500
$208/SF
Building Size
43,791 SF
Asset Type
—
Closing
Jul 26, 2021
About this deal
AI
The self-storage property located at 1125 Jupiter Park Dr in Jupiter has been sold in a recent transaction. The property spans 43,791 square feet and was sold for a price of $9,112,500, resulting in a price per square foot of $208. The sale took place on July 27, 2021.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: $9,112,500
- Address: 1125 Jupiter Park Dr
- Market: Jupiter
The buyer of the self-storage property is Jacob Ramage, while the seller is Clifford I. Hertz. Both parties were represented by their respective brokers.
Players
Jupiter CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.74%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93