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
Loading comparables…
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