Last Mile Investments Acquires Retail Property In Jupiter For $18.5M
901 West Indiantown Road, Jupiter, FL 33458, USA
$18,500,000
$430/SF
Building Size
42,995 SF
Asset Type
Retail
Closing
Apr 14, 2021
About this deal
AI
The retail property located at 901 West Indiantown Road in Jupiter was recently sold in a transaction for $18,500,000. The property spans across 42,995 square feet, resulting in a price per square foot of $430. It sits on a 4-acre lot, with a price per acre of $4,625,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $18,500,000
- Address: 901 West Indiantown Road, Jupiter
- Market: Jupiter
- Buyer: Ryan Moore, David Birdsall & Todd Pleiman - Last Mile Investments
- Seller: Elion Partners - Jack Azout, Sylvain Argy, Juan DeAngulo & Shlomo Khoudari
- Brokers: Kirk Olson & Drew Kristol - Marcus & Millichap
The buying group, Last Mile Investments, which includes Ryan Moore, David Birdsall, and Todd Pleiman, acquired the property from Elion Partners. The deal was facilitated by brokers Kirk Olson and Drew Kristol from Marcus & Millichap.
Players
Jupiter 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
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93