Updated Sep 28, 2026
Nathan Albers Acquires Industrial Asset In Jupiter For $19.25M With David Burck As Buyer's Rep
15132 Park Of Commerce Boulevard
$19,250,000
$187/SF
Building Size
102,503 SF
Asset Type
Industrial
Closing
Sep 21, 2026
About this deal
AI
The industrial asset located at 15132 Park of Commerce Boulevard in Jupiter was sold for $19,250,000. The property spans 102,503 square feet, resulting in a price per square foot of $187.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $19,250,000
- Address: 15132 Park of Commerce Boulevard
- Market: Jupiter
- Square Footage: 102,503
- Price per Square Foot: $187
- Buyer: Nathan Albers
- Seller: Ken Gaul
- Buyer’s Representative: David Burck - Compass
- Seller’s Representatives: Scott O'Donnell, Mike Ciadella & Greg Miller - Cushman & Wakefield; Steve Garine - Compass
The transaction involved key individuals including Nathan Albers as the buyer and Ken Gaul as the seller. David Burck represented the buyer through Compass, while the seller was represented by a team that included Scott O'Donnell, Mike Ciadella, and Greg Miller from Cushman & Wakefield, along with Steve Garine from Compass.
On the Map
$19,250,000
$187/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
0.82%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93