Joel Katz, George Marlin, And Yuval Jacob Acquire Retail Property In Jupiter, Miami & Boca Raton For $33.7M
1800 West Indiantown Road, Jupiter, Florida 33458, United States
$33,700,000
$674,000/SF
Building Size
50 SF
Asset Type
Retail
Closing
Dec 22, 2022
AI
A retail property located at 1800 West Indiantown Road, 3595 Southwest 22nd Street, and 9921 Okeechobee Boulevard in Jupiter, Miami, and Boca Raton, was recently sold for a total price of $33,700,000. The property spans across 50,100 square feet, resulting in a price per square foot of $673. The sale was completed on December 22, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $33,700,000
- Property Address: 1800 West Indiantown Road, 3595 Southwest 22nd Street, 9921 Okeechobee Boulevard
- Market: Jupiter, Miami & Boca Raton
The buyer of the property consists of Joel Katz, George Marlin, and Yuval Jacob. On the other hand, the seller, Corporate Partners Capital Group, was represented by Howard Sands.
Players
Jupiter Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93