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15501 Park of Commerce Boul...

Woodmont Industrial Partners Acquires Industrial Property In Jupiter For $21M
SOLDIndustrial

Woodmont Industrial Partners Acquires Industrial Property In Jupiter For $21M

15501 Park of Commerce Boulevard, Jupiter, Florida 33478, United States

$21,000,000

$99/SF

Building Size

212,000 SF

Asset Type

Industrial

Closing

May 4, 2022

AI

Woodmont Industrial Partners, represented by Donald Witmondt, Eric Witmondt, and Anthony Amadeo, has acquired an industrial property located at 15501 Park of Commerce Boulevard in Jupiter. The property, spanning 212,000 square feet, was sold by TPA Group. The transaction, which took place on May 5, 2022, had a sale price of $21,000,000. The property is situated in the Jupiter market and is categorized as industrial.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $21,000,000
  • Square Footage: 212,000
  • Address: 15501 Park of Commerce Boulevard, Jupiter
  • Buyer: Woodmont Industrial Partners - Donald Witmondt, Eric Witmondt & Anthony Amadeo
  • Seller: TPA Group
  • Lender: Valley National Bank

Woodmont Industrial Partners, led by Donald Witmondt, Eric Witmondt, and Anthony Amadeo, successfully completed the acquisition of the industrial property in Jupiter. The transaction was facilitated with the assistance of Valley National Bank as the lender. The property's strategic location in the Jupiter market further adds to its desirability as an industrial asset.

Players

Donald Witmondt

Woodmont Industrial Partners

Buyer

$61.4M

vol

2 deals

Buyer
TG
TPA GroupSeller

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

0.76%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93