Updated Nov 19, 2023
Woodmont Properties & Butters Construction Secure $27.5M Loan For Jupiter Warehouse
15430 Corporate Rd N Jupiter, FL 33478, USA
$27,500,000
$90/SF
Building Size
303,364 SF
Asset Type
Industrial
Closing
Jun 15, 2023
About this deal
AI
Woodmont Properties and Butters Construction & Development have broken ground on a 303,364-square-foot warehouse located at 15430 Corporate Road North in Jupiter, Palm Beach County. This industrial property spans 20.3 acres and aims to meet the growing demand for warehouse space in the area. The project is funded by a $27.5 million construction loan from Hartford Fire Insurance Co.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $27,500,000
- Address: 15430 Corporate Road North
- Market: Jupiter
- Square Footage: 303,364
- Acres: 20.3
The landlord of the property is Woodmont Properties represented by Eric Witmondt and Butters Construction & Development represented by Malcolm Butters.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.58%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93