Fontainebleau Development Acquires Condo In Tequesta For $30.6M
300 Beach Road, Tequesta, FL, USA
$30,590,000
$27,509/SF
Building Size
1,112 SF
Asset Type
—
Closing
Sep 1, 2021
About this deal
AI
The property involved in this closed transaction is a condo located at 300 Beach Road in the market of Tequesta. The sale took place on September 1, 2021, with the buyer being Fontainebleau Development represented by Jeffrey Soffer as their broker. The sale price for this transaction amounted to $30,590,000, and the property consists of 24 units. The price per unit is approximately $1,274,583.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $30,590,000
- Address: 300 Beach Road, Tequesta
- Market: Tequesta
- Buyer: Fontainebleau Development - Jeffrey Soffer
- Units: 24
- Price Per Unit: $1,274,583
The deal was facilitated by Jeffrey Soffer, representing Fontainebleau Development as their broker. This transaction marks an important acquisition for Fontainebleau Development and their plans for real estate expansion in the Tequesta market.
On the Map
$30,590,000
$27,509/SF
View full map
Jupiter CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
About $27.5K per square foot on a published $30.6M for 1,112 square feet (2021).
Visit Jeff Soffer to view all their deals.
Browse Jupiter sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93