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1800 West Indiantown Road, ...

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

Yuval Jacob

Buyer

$39.3M

vol

2 deals

Buyer

Howard Sands

Corporate Partners Capital Group

Seller

$58M

vol

4 deals

Seller

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