EML Realty Partners Acquires Industrial And Office Property In Jupiter For $8.5M

EML Realty Partners acquired a class A industrial and office property located at 821 Jupiter Park Drive in Jupiter, Florida. The property spans 3.25 acres and has a total square footage of 35,782. The sale price for this off-market transaction was $8,500,000, resulting in a price per square foot of $238.

Summary of transaction details:

• Property Type: Industrial & Office
• Transaction Amount: $8,500,000
• Address: 821 Jupiter Park Drive, Jupiter, Florida
• Acres: 3.25
• Square Footage: 35,782
• Price Per Square Foot: $238
• Buyer: Eric M. Levitt - EML Realty Partners
• Seller: Lease back for one year

The transaction involved Eric M. Levitt representing EML Realty Partners, which adds the newly acquired asset to its portfolio. The seller will lease the property back for one year as they relocate operations, and there are below-market in-place rents offering value-add opportunities for re-leasing, sale, or redevelopment strategies.