BPS Partners Acquires Jupiter Retail Property For $39.05M
SOLD
$39,050,000
+ 3
Florida
See Similar DealsRetail123,917 SF
Sold 07/06/2023
SOLD
BPS Partners Acquires Jupiter Retail Property For $39.05M
4060 US-1 Jupiter, FL 33477, USA
See Similar DealsRetail123,917 SF
Sold 07/06/2023
+ 3
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$315
Total Square Footage:123,917 SF
Transaction Type:Sale
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
BROKERAGE
BUYER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,082,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$138,736.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$185,116.92
Annual Debt Service$2,221,403.07
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