SOLDMultiFamily
Berkshire Residential Investments Acquires 21.9 Acre Multifamily Property In Jupiter For $202.5M
863 University Boulevard, Jupiter, Florida 33458, United States
$202,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 6, 2022
AI
The multifamily property located at 863 University Boulevard in Jupiter has been sold. The property covers an area of approximately 21.9 acres.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $202,500,000
- Date: 04/07/2022
- Market: Jupiter
- Units: 390
- Price per Unit: $519,231
- Buyer: Berkshire Residential Investments - David Olney
- Seller: Heitman - Maury Tognarelli
The buyer of the property is Berkshire Residential Investments, represented by David Olney. The seller is Heitman, represented by Maury Tognarelli.
Players
Jupiter MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93