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JB Capital Management & Royce Properties Acquires Retail Property In Jupiter For $25.5M

Property Image
SOLD
$25,500,000

Florida

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Retail55,046 SF
Sold 10/18/2021
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Property Image
SOLD

JB Capital Management & Royce Properties Acquires Retail Property In Jupiter For $25.5M

337 E Indiantown Rd, Jupiter, FL, USA

See Similar Deals
Retail55,046 SF
Sold 10/18/2021
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$463
Total Square Footage:55,046 SF
Transaction Type:Sale

Located at 287-337 E Indiantown Rd in Jupiter, this retail property was recently sold for a price of $25,500,000. The transaction took place on 10/18/2021. The property spans a total area of 55,046 square feet, resulting in a price per square foot of $463. The buyer of the property was JB Capital Management & Royce Properties, while the seller was Adar Jupiter LLC. The deal was facilitated by Justin Smith of Atlantic Retail.

Summary of Transaction Details

  • Property Type: Retail
  • Transaction Amount: $25,500,000
  • Address: 287-337 E Indiantown Rd, Jupiter
  • Market: Jupiter
  • Asset Type: Retail

Justin Smith of Atlantic Retail played a crucial role as the broker in this transaction, representing both the buyer and the seller. JB Capital Management & Royce Properties, the buyer, acquired this retail property from Adar Jupiter LLC, the seller. With a significant sale price and substantial square footage, this deal is a notable transaction in the Jupiter market.

Players

Justin Smith
29 deals$541.7M volume
BROKER

BUYER

2 deals$51M volume
SELLER

Details

SOLD
IMAGE: Justin Smith DATE: 10/18/2021 ADDRESS: 287-337 E Indiantown Rd MARKET: Jupiter ASSET TYPE: Retail BUYER: JB Capital Management & Royce Properties SELLER: Adar Jupiter LLC BROKER: Justin Smith - Atlantic Retail SALE PRICE: $25,500,000 SF: 55,046 ~ PPSF: $463

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

$1,360,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$90,596.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$120,883.01
Annual Debt Service$1,450,596.11