Renaissance Properties Acquires Office Building In Jupiter For $13.8M
900 U.S. 1, Jupiter, FL, USA
$13,800,000
$381/SF
Building Size
36,185 SF
Asset Type
Office
Closing
Sep 2, 2021
About this deal
AI
The office property located at 900 South U.S. Highway 1 in Jupiter has been sold in a recent transaction. The property spans across 4.75 acres and has been acquired by Renaissance Properties from Executive Park Enterprises.
Summary of transaction details:
- Property Type: Office
- Sale Price: $13,800,000
- Square Footage: 36,185
- Price Per Square Foot: $381
- Market: Jupiter
Renaissance Properties acted as the buyer in this transaction, while Executive Park Enterprises served as the seller. The property sale involved a total of 36,185 square feet and had a price per square foot of $381.
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
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93