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4060 US-1 Jupiter, FL 33477...

BPS Partners Acquires Jupiter Retail Property For $39.05M
SOLDRetail

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

Danny Finkle

JLL

Broker

$3.9B

vol

57 deals

Broker
Sterling Organization
Sterling OrganizationBrokerage
Sterling Organization
Sterling OrganizationSeller

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