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

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SOLD
$39,050,000

Florida

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Retail135,974 SF
Sold 07/11/2023
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Property Image
SOLD

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

4040 US-1 Jupiter, FL 33477, USA

See Similar Deals
Retail135,974 SF
Sold 07/11/2023
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$287
Total Square Footage:135,974 SF
Transaction Type:Sale

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

BROKERAGE


17 deals$927.1M volume
SELLER

Details

SOLD
IMAGE: Brian D. Kosoy & Robert Mannheimer DATE: 07/11/2023 ADDRESS: 4040 South U.S. Highway 1 MARKET: Jupiter ASSET TYPE: Retail ~ ACRES: 14.7 BUYER: BPS Partners - Robert Mannheimer SELLER: Sterling Organization - Brian D. Kosoy SALE PRICE: $39,050,000 SF: 135,974 ~ PPSF: $287 NOTE: BPS Partners has purchased the Bluffs Square Shoppes in Jupiter, Florida for $39.05 million. The 135,974-square-foot retail property, anchored by Publix, includes tenants like Walgreens, Locals Surf Shop, and TooJay's Deli.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$138,736.39
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