facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Retail

/

Sale

/

4040 US-1 Jupiter, FL 33477...

BPS Partners Acquires Bluffs Square Shoppes In Jupiter For $39.05M
SOLDRetail

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

Sterling Organization
Sterling OrganizationBrokerage

Brian Kosoy

Sterling Organization

Seller

$927.1M

vol

17 deals

Seller

Miami Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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