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Joshua Thomas Sells Development Site In Jupiter For $3M

Property Image
SOLD
$3,000,000
Holly Meyer Lucas
Terry Wilkin
JF
+ 1

Florida

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Development Site13,780 SF
Sold 05/06/2022
the dealplayerscompscontact
Property Image
SOLD

Joshua Thomas Sells Development Site In Jupiter For $3M

18001 Southeast Federal Highway, Tequesta, Florida 33469, United States

See Similar Deals
Development Site13,780 SF
Sold 05/06/2022
Holly Meyer Lucas
Terry Wilkin
JF
+ 1
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$217
Total Square Footage:13,780 SF
Transaction Type:Sale

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

Holly Meyer Lucas
Compass
Holly Meyer Lucas
7 deals$101.3M volume
BROKER
Terry Wilkin
Terry Wilkin
1 deal$3M volume
BROKER
JF
Jay Fisher
1 deal$3M volume
BROKER
JT
Joshua Thomas
2 deals$4.8M volume
SELLER

Details

SOLD
IMAGE: Holly Meyer Lucas DATE: 05/06/2022 ADDRESS: 18001 SE Federal Hwy MARKET: Jupiter, Tequesta ASSET TYPE: Development Site SELLER: Joshua Thomas BUYER'S REP: Holly Meyer Lucas (@Holly.Meyer.Lucas), (@Meyer.Lucas.Team) - Compass SELLER'S REP: Terry Wilkin & Jay Fisher - Estate Properties LLC SALE PRICE: $3,000,000 BSF: 12,000 ~ PPBSF: $250 SF: 13,780 ~ PPSF: $218

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$160,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37