LRP Publications Acquires Office Building In Jupiter For $19M
1395 University Boulevard, Jupiter, Florida 33458, United States
$19,000,000
$313/SF
Building Size
60,568 SF
Asset Type
Office
Closing
Jul 10, 2022
About this deal
AI
The office property located at 1395 University Blvd. in Jupiter was recently sold in a closed transaction. The sale took place on 07/11/2022 and involved LRP Publications as the buyer and Gladstone Commercial Corp - EJ Wislar as the seller. The property was sold for a total price of $19,000,000. The office space spans a total area of 60,568 square feet, resulting in a price per square foot of $314.
Summary of transaction details
- Property Type: Office
- Sale Price: $19,000,000
- Square Footage: 60,568
- Price per Square Foot: $314
- Buyer: LRP Publications
- Seller: Gladstone Commercial Corp - EJ Wislar
This transaction highlights the involvement of LRP Publications as the buyer and Gladstone Commercial Corp - EJ Wislar as the seller. Both parties played a significant role in the successful completion of this office property sale in Jupiter.
Players
Jupiter Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93