MDH Partners Acquires Industrial Property In Jupiter For $27.2M
SOLD
$27,200,000
Florida
See Similar DealsIndustrial218,000 SF
Sold 12/10/2020
SOLD
MDH Partners Acquires Industrial Property In Jupiter For $27.2M
15335 Park of Commerce Boulevard, Jupiter, FL, USA
See Similar DealsIndustrial218,000 SF
Sold 12/10/2020
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$124
Total Square Footage:218,000 SF
Transaction Type:Sale
The industrial property located at 15335 Park of Commerce Boulevard in Jupiter has been sold in a recent transaction. The property, measuring approximately 218,000 square feet, was sold for a price of $27,200,000, resulting in a price per square foot of $125. The sale took place on December 10, 2020.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $27,200,000
The buyer of the property was MDH Partners, represented by Jeff Small Jr. On the other hand, the seller was TPA Group, represented by J. Bradford Smith.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,450,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$96,635.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$128,941.88
Annual Debt Service$1,547,302.52
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