CTS Engines Acquires Jet Engine Testing Facility In Jupiter For $16M

The Jet Engine Testing Facility located at 18855 Bee Line Highway in Jupiter has been sold for a total price of $16,000,000. The special purpose property spans over 7,000 square feet, resulting in a price per square foot of $2,286. The transaction took place on June 1, 2022.

Summary of transation details

• Property Type: Special Purpose
• Transaction Amount: $16,000,000
• Address: 18855 Bee Line Highway
• Market: Jupiter
• Buyer: CTS Engines
• Seller: Brian Neff
• Seller's Representative: Mark M. Rubin, Bastian Laggerbauer, and Steven Wasserman from Colliers International

The buyer of the property is CTS Engines, and the seller is Brian Neff. Mark M. Rubin, Bastian Laggerbauer, and Steven Wasserman from Colliers International represented the seller in the transaction.