Updated Oct 28, 2024
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
About this deal
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.
On the Map
$21,000,000
$99/SF
Industrial
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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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93