facebook
Traded Co logo
Submit

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

Property Image
SOLD
$21,000,000

Florida

See Similar Deals
Industrial212,000 SF
Sold 05/05/2022
the dealplayerscompscontact
Property Image
SOLD

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

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

See Similar Deals
Industrial212,000 SF
Sold 05/05/2022
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$99
Total Square Footage:212,000 SF
Transaction Type:Sale

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

2 deals$61.4M volume
BUYER

10 deals$359.3M volume
BUYER

2 deals$43.5M volume
BUYER

SELLER

Details

SOLD
IMAGE: Eric Witmondt, Donald Witmondt & Anthony Amadeo DATE: 05/05/2022 ADDRESS: 15501 Park of Commerce Boulevard MARKET: Jupiter ASSET TYPE: Industrial BUYER: Woodmont Industrial Partners - Donald Witmondt, Eric Witmondt & Anthony Amadeo SELLER: TPA Group LENDER: Valley National Bank SALE PRICE: $21,000,000 SF: 212,000 ~ PPSF: $99

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,120,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$74,608.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$99,550.71
Annual Debt Service$1,194,608.56