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1395 University Blvd Jupite...

Meritage Homes & Allied Universal Lease 29,162 SF At Abacoa Town Center In Jupiter
LEASEDOffice

Meritage Homes & Allied Universal Lease 29,162 SF At Abacoa Town Center In Jupiter

1395 University Blvd Jupiter, FL 33458, USA

$35

$35/SF

Building Size

29,162 SF

Asset Type

Office

Closing

Jun 13, 2023

AI

Meritage Homes and Allied Universal have leased a combined 29,162 square feet of office space at Abacoa Town Center in Jupiter, FL. The Class A office building, owned by LRP Properties Abacoa, LLC, offers flexible floor plans, convenient amenities, and low vacancy rates, making it an attractive choice for tenants. The asking rent for the space was $35 per square foot.

Summary of transaction details

The lease agreement was facilitated by Dennis Waggner from Cresa and Tara England from Cushman & Wakefield, who represented the tenant in the deal. The transaction highlights the demand for office space in Jupiter, FL, and the confidence of tenants like Meritage Homes and Allied Universal in the Abacoa Town Center.

Players

Tara England

Cushman & Wakefield

Broker

2 deals

Broker
MH
Meritage HomesTenant

Miami Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

453228.57%

Cash-on-Cash

-129534.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93