LEASEDIndustrial
Kor Distribution Leases Industrial Space In Jupiter For $11.50/ft
14924 Corporate Road South, Jupiter, Florida 33478, United States
Building Size
36,376 SF
Asset Type
Industrial
Closing
Sep 7, 2022
AI
The industrial property located at 14924 Corporate Road South in Jupiter was recently leased. The asset spans a total square footage of 36,376 and is situated in the Jupiter market.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 09/08/2022
- Tenant: Kor Distribution
- Landlord's Representative: Steve Garine - S&K Worldwide Realty
- Tenant's Representative: Rob Hamman - SVN Florida
- Asking Rent: $11.50 per square foot
Rob Hamman from SVN Florida represented the tenant, Kor Distribution, in this lease transaction.
Players
Jupiter Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93