Prime Group Holdings Acquires Office Property In Jupiter For $12.3M
SOLD
$12,300,000
Florida
See Similar DealsOffice38,769 SF
Sold 10/28/2021
SOLD
Prime Group Holdings Acquires Office Property In Jupiter For $12.3M
150 U.S. 1, Jupiter, FL, USA
See Similar DealsOffice38,769 SF
Sold 10/28/2021
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$317
Total Square Footage:38,769 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$655,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$43,699.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,308.28
Annual Debt Service$699,699.30
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