BPS Partners Acquires Bluffs Square Shoppes In Jupiter For $39.05M
4040 US-1 Jupiter, FL 33477, USA
$39,050,000
$287/SF
Building Size
135,974 SF
Asset Type
Retail
Closing
Jul 11, 2023
AI
BPS Partners, represented by Robert Mannheimer, has acquired the Bluffs Square Shoppes in Jupiter, Florida for $39.05 million. The retail property is located at 4040 South U.S. Highway 1 and spans 14.7 acres. Anchored by Publix, the property encompasses 135,974 square feet and features notable tenants such as Walgreens, Locals Surf Shop, and TooJay's Deli.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $39,050,000
- Address: 4040 South U.S. Highway 1
- Market: Jupiter
- Acres: 14.7
The buyer, BPS Partners, was represented by Robert Mannheimer of the same company. On the other side, the seller, Sterling Organization, was represented by Brian D. Kosoy. This transaction highlights the successful acquisition of the Bluffs Square Shoppes by BPS Partners, expanding their retail property portfolio in Jupiter, Florida.
Players
Miami 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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93