BPS Partners Acquires Jupiter Retail Property For $39.05M
4060 US-1 Jupiter, FL 33477, USA
$39,050,000
$315/SF
Building Size
123,917 SF
Asset Type
Retail
Closing
Jul 6, 2023
AI
A retail property located at 4060 US Route 1 in Jupiter has been sold for a price of $39,050,000. The property spans across 123,917 square feet and was sold at a price per square foot of $315. The transaction took place on 07/06/2023.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $39,050,000
- Address: 4060 US Route 1
- Market: Jupiter
The buyer in this transaction is BPS Partners, while the seller is Sterling Organization. The deal was facilitated by brokers from JLL, including Jorge Portela, Danny Finkle, Eric Williams, Kim Flores, Cameron Beck, and Michael Kavaler.
Players
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