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17345 Bush Road

John D. Bols Acquires Multifamily Property For $3.275M In Jupiter
SOLDMultiFamily

John D. Bols Acquires Multifamily Property For $3.275M In Jupiter

17345 Bush Road

$3,275,000

$291/SF

Building Size

11,248 SF

Asset Type

MultiFamily

Closing

Dec 1, 2023

AI

The multifamily property located at 17345 Bush Road in Jupiter was recently sold in a closed transaction. The property consists of 12 units, with a total square footage of 11,248. The sale price for the property was $3,275,000, resulting in a per unit price of approximately $272,917. The price per square foot for the property was approximately $291.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $3,275,000
  • Number of Units: 12
  • Price per Unit: $272,917
  • Total Square Footage: 11,248
  • Price per Square Foot: $291

The buyer of the property was John D. Bols, while the seller was Lucille F. Gaines. The transaction was facilitated by Nelson Ilceus of Colliers International, who represented both parties in the deal.

Players

Nelson Ilceus

Colliers

Broker

$39.4M

vol

13 deals

Broker

John D. Bols

Buyer

$13.1M

vol

6 deals

Buyer

Jupiter MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.84%

Cash-on-Cash

-1.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93