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Joel Katz, George Marlin, And Yuval Jacob Acquire Retail Property In Jupiter, Miami & Boca Raton For $33.7M

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SOLD
$33,700,000

Florida

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Retail50 SF
Sold 12/22/2022
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SOLD

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

See Similar Deals
Retail50 SF
Sold 12/22/2022
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$674,000
Total Square Footage:50 SF
Transaction Type:Sale

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

2 deals$39.3M volume
BUYER

Details

SOLD
IMAGE: Howard Sands DATE: 12/22/2022 ADDRESS: 1800 West Indiantown Road, 3595 Southwest 22nd Street & 9921 Okeechobee Boulevard MARKET: Jupiter, Miami & Boca Raton ASSET TYPE: Retail BUYER: Joel Katz; George Marlin; Yuval Jacob SELLER: Corporate Partners Capital Group - Howard Sands (@HowardSands) SALE PRICE: $33,700,000 SF: 50,100 ~ PPSF: $673

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,797,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$119,728.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$159,755.19
Annual Debt Service$1,917,062.32