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Eric Witmondt Acquires Industrial Property In Jupiter, FL For $4.4M

Property Image
SOLD
$4,395,000

Florida

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Industrial
Sold 12/22/2021
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Property Image
SOLD

Eric Witmondt Acquires Industrial Property In Jupiter, FL For $4.4M

15849 Corporate Circle, Jupiter, Florida 33478, United States

See Similar Deals
Industrial
Sold 12/22/2021
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Summary

FLORIDA
Asset Type:Industrial
Transaction Type:Sale

Located in Jupiter, FL, the industrial property at 15849 Corporate Cir & 15791 Corporate Cir has been sold for a price of $4,395,000. This transaction took place on 12/22/2021. The property boasts a prime location in the thriving market of Jupiter, FL.

Summary of Transaction Details

  • Property Type: Industrial
  • Transaction Amount: $4,395,000
  • Address: 15849 Corporate Cir & 15791 Corporate Cir, Jupiter, FL
  • Market: Jupiter, FL

Eric Witmondt was the buyer in this transaction, while Lidia Cartaya acted as the seller. Both parties successfully closed the deal, which involved the purchase of the industrial property at 15849 Corporate Cir & 15791 Corporate Cir. The transaction demonstrates the strong demand for industrial assets in the Jupiter market.

Players

10 deals$359.3M volume
BUYER

Details

SOLD
IMAGE: 12/22/2021 ADDRESS: 15849 Corporate Cir & 15791 Corporate Cir MARKET: Jupiter, FL ASSET TYPE: Industrial BUYER: Eric Witmondt SELLER: Lidia Cartaya PRICE: $4,395,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$234,400.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,614.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,834.54
Annual Debt Service$250,014.51