Joshua Thomas Sells Development Site In Jupiter For $3M
18001 Southeast Federal Highway, Tequesta, Florida 33469, United States
$3,000,000
$217/SF
Building Size
13,780 SF
Asset Type
Development Site
Closing
May 5, 2022
AI
An undeveloped site located at 18001 SE Federal Hwy in Jupiter, Tequesta has been sold for $3,000,000. The property, measuring 13,780 square feet, offers a price per square foot of $218. This development site has a buildable square footage of 12,000, resulting in a price per buildable square foot of $250. The transaction took place on May 6, 2022.
Summary of Transaction Details
- Property Type: Development Site
- Transaction Amount: $3,000,000
- Address: 18001 SE Federal Hwy, Jupiter, Tequesta
- Market: Jupiter, Tequesta
- Buildable Square Footage: 12,000
- Price per Buildable Square Foot: $250
- Total Square Footage: 13,780
- Price per Square Foot: $218
The seller of the property was Joshua Thomas. Holly Meyer Lucas from Compass represented the buyer in the transaction, while Terry Wilkin and Jay Fisher from Estate Properties LLC represented the seller. This sale represents a successful deal for all parties involved.
Players
Jupiter Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93