Hartz Of Palm LLC Acquires Land In Jupiter For $63.3M
14644 Corporate Rd S, Jupiter, FL, USA
$63,325,000
Building Size
—
Asset Type
—
Closing
Jun 6, 2021
About this deal
AI
The property asset involved in this transaction is located at 14644 Corporate Rd S in Jupiter. The land was sold on June 7, 2021. The sale price for the property was $63,325,000.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $63,325,000
- Market: Jupiter
- Buyer: Hartz Of Palm LLC
- Seller: Iaa Palm Beach Developer LP
Hartz Of Palm LLC acquired the land from Iaa Palm Beach Developer LP. The deal involved a substantial amount of money, highlighting the importance of the property. The transaction marked a significant milestone for both the buyer and the seller.
Players
Jupiter CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93