Offshore Investor Acquires Property At 1284 Park Ln S Jupiter For $5 Million With Cushman & Wakefield

The property asset involved in this transaction is a 22,000 square foot distribution facility located at 1284 Park Lane South, Jupiter, FL, 33458. The facility was sold for $5,000,000.00 and is fully occupied by Nestlé Waters, serving as a hub for the surrounding markets from Boca Raton to Vero Beach. The transaction included more than two acres designated for trailer park storage.

Summary of transaction details:

• Property Type: Distribution Facility
• Transaction Amount: $5,000,000.00
• Square Footage: 22,000 SF
• Address: 1284 Park Ln S, Jupiter, FL, 33458
• Market: Jupiter
• Buyer: Offshore Investor
• Seller's Representatives: Dominic Montazemi (Cushman & Wakefield), Gregory (Greg) Miller (Cushman & Wakefield)

The transaction was represented by the Cushman & Wakefield team, which included Dominic Montazemi, Scott O'Donnell, Miguel Alcivar, and Greg Miller, acting on behalf of Hummel Land Trust in the sale of the Nestlé Waters facility. The price of the facility was noted to be approximately $231 per square foot.