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1445 Jupiter Park Drive

Alex Redfearn Of Redfearn Capital Acquires Industrial Property In Jupiter For $7.4M
SOLDIndustrial

Alex Redfearn Of Redfearn Capital Acquires Industrial Property In Jupiter For $7.4M

1445 Jupiter Park Drive & 1449 Jupiter Park Drive

$7,400,000

$114/SF

Building Size

64,750 SF

Asset Type

Industrial

Closing

Nov 20, 2024

AI

The transaction involves an industrial property located at 1445 & 1449 Jupiter Park Drive in Jupiter, with a sale price of $7,400,000. The property encompasses an area of 32,375 square feet, resulting in a price per square foot of $228.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $7,400,000
  • Square Feet: 32,375
  • Price per Square Foot: $228
  • Buyer: Alex Redfearn - Redfearn Capital
  • Seller: Paul Maddock
  • Date of Transaction: 11/20/2024

This deal features Alex Redfearn representing Redfearn Capital as the buyer. Paul Maddock is noted as the seller in this transaction.

Players

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

2.14%

Cash-on-Cash

-0.61%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93