The 52,641-square-foot warehouse was 75% occupied at the time of sale. CLICK ON THE HEADLINE FOR MORE
Michael Scarpino, CCIM, and Jennifer Scarpino of NAI Rauch Weaver Norfleet Kurtz & Co. represented the tenant. CLICK ON THE HEADLINE FOR MORE
The CBRE Private Capital Group (PCG) worked with the seller on the sale of a small-bay warehouse in Jupiter Park of Commerce in Jupiter.
The 52,641-square-foot warehouse at 1001 Jupiter Park Drive sold to Bessemer Trust Company, NA for $4,375,000, or $83.11 per square foot. CBRE represented the seller, 2501Bristol, Inc., Upland, LLC and Marina Apartments, Inc., all Florida Corporations.
“The strong price per square feet of this sale reflects the growing confidence investors have in well-maintained, highly functional, small-bay warehouse product in Northern Palm Beach County,” said Scott O’Donnell, CBRE Senior Vice President.
Built in 1989, the warehouse at Jupiter Park of Commerce sits on 3.64 acres and was 75% occupied at the time of sale.
CBRE Senior Vice President Robert Smith teamed with O’Donnell and PCG South Florida Commercial team members Dominic Montazemi, Miguel Alcivar and Jason Hochman to represent the seller. The buyer was represented by Judge Moss with Brown Harris Stevens.
Michael Scarpino, CCIM, and Jennifer Scarpino of NAI Rauch Weaver Norfleet Kurtz & Co. represented the tenant, Accent Closets Inc. in the three year lease of 8,354 square feet at Powerline Business Park located at 2266 NW 30th Place in Pompano Beach.
Julie Miller of Cushman & Wakefield represented the landlord, Cabot III-FL2W06-W12, LLC.
Accent Closets is a leader in the custom closet industry. Established in 1988 they offer a full line of materials that range from sturdy ventilated wire to melamine to exquisite real wood.
Small Bay Warehouse In Jupiter Fetches $4.4M
/in Done Deals, News/by SFOBA STAFFThe 52,641-square-foot warehouse was 75% occupied at the time of sale. CLICK ON THE HEADLINE FOR MORE
Accent Closets Leases 8,354 SF At Powerline Business Park
/in Done Deals, News/by SFOBA STAFFMichael Scarpino, CCIM, and Jennifer Scarpino of NAI Rauch Weaver Norfleet Kurtz & Co. represented the tenant. CLICK ON THE HEADLINE FOR MORE