Updated Dec 4, 2024
MG3 Group Acquires 79.6 Acre Industrial Property In Jupiter For $78M
15998 Walgreens Drive, Jupiter, Florida 33478, United States
$78,000,000
$114,202/SF
Building Size
683 SF
Asset Type
Industrial
Closing
Nov 28, 2022
About this deal
AI
The industrial property located at 15998 Walgreens Drive in Jupiter has been sold in a recent transaction. The property spans across an area of 79.6 acres and is situated in a prime location.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $78,000,000
- Square Footage: 683,300
- Price per Square Foot: $114
- Date: 11/28/2022
- Market: Jupiter
The buyer of this property is MG3 Group, represented by Marcelo Saiegh, Gustavo Bogomolni, and Hernan Leonoff. On the other hand, the seller is Walgreens Co. The sale of this industrial property was facilitated by brokers Jose Lobón and Maury Vanden Eykel from CBRE.
On the Map
$78,000,000
$114,202/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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93