Eric M. Levitt Of EML Realty Partners Acquires Industrial Facility In Jupiter For $5.33M
1095 Jupiter Park Drive
$5,325,000
$270/SF
Building Size
19,717 SF
Asset Type
Industrial
Closing
Mar 10, 2025
AI
EML Realty Partners acquired an industrial facility located at 1095 Jupiter Park Drive in Jupiter Commerce Park. The property encompasses a total of 19,717 square feet and was sold for a price of $5,325,000, resulting in a price per square foot of $270.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,325,000
- Sale Date: 03/10/2025
- Address: 1095 Jupiter Park Drive
- Market: Jupiter
- Square Footage: 19,717
- Price Per Square Foot: $270
- Buyer: Eric M. Levitt - EML Realty Partners
Eric M. Levitt, representing EML Realty Partners, views this acquisition as a value-add opportunity due to the existing below-market short-term rents of the facility. The firm operates over 50 properties across Florida.
Jupiter Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.98%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93