David Burck Of Compass Represents Buyer In $8.5M Sale Of Industrial Property In Jupiter

This transaction involves the sale of an industrial property located at 1838 Park Lane South in Jupiter, featuring a total square footage of 23,050. The asset was sold for a price of $8,500,000, equating to a price per square foot of $368. The property includes 6,124 square feet of renovated office space and 16,926 square feet of column-free, air-conditioned warehouse space, with 18ft clear heights and a full renovation completed in 2018. Efficient loading capabilities enhance its suitability for manufacturing or distribution operations.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $8,500,000
• Address: 1838 Park Lane South
• Market: Jupiter
• Square Footage: 23,050
• Price Per Square Foot: $368
• Seller: Freshaire UV
• Broker: David Burck - Compass

David Burck represented the buyer in the acquisition, highlighting a well-maintained warehouse tailored for owner-occupant use. This transaction underscores the ongoing demand for industrial properties that offer functional layouts and suitable amenities for business operations in the region.