Prime Group Holdings Acquires Office Property In Jupiter For $12.3M
150 U.S. 1, Jupiter, FL, USA
$12,300,000
$317/SF
Building Size
38,769 SF
Asset Type
Office
Closing
Oct 28, 2021
About this deal
AI
The recently closed property transaction in Jupiter involved an office asset located at 150 South U.S. 1. The property spans 38,769 square feet and was sold for a price of $12,300,000, resulting in a price per square foot of $317. The transaction took place on October 28, 2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $12,300,000
- Address: 150 South U.S. 1
- Square Footage: 38,769
- Market: Jupiter
The buyer in this transaction was Prime Group Holdings, while the seller was ESJ Capital Partners, represented by Arnaud Sitbon. No further details regarding the deal participants were available.
On the Map
$12,300,000
$317/SF
Office
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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
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93