Valley National Bank Provides $54.8M Construction Loan For Industrial Property In Jupiter
15500 Venture Way, Jupiter, Florida
$54,760,000
$98/SF
Building Size
555,000 SF
Asset Type
Industrial
Closing
Sep 26, 2022
AI
A construction loan has been secured for an industrial property located at 15500 Venture Way in Jupiter. The property spans 555,000 square feet and sits on 45.7 acres. The loan has been provided by Valley National Bank for a total amount of $54,760,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $54,760,000
- Address: 15500 Venture Way
- Market: Jupiter
- Size: 555,000 square feet
- Acres: 45.7
The property is owned by TPA Group, represented by Bradford Smith & Nathan Pramik. They have secured a construction loan from Valley National Bank for the development of this industrial asset in Jupiter.
Players
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93