Jupiter distribution center goes for $5.2 million

Miami /
Sep.September 18, 2016 11:30 AM

An investor bought a Jupiter distribution center occupied by Nestlé Waters for $5.2 million.

Javier Ramos Suarez paid about $232 per square foot for 22,365-square-foot distribution center.

The seller was a land trust. Its trustee, David M. Shaw, was represented in the transaction by brokerage firm Cushman & Wakefield.

The property is located at 1284 Park Lane Street in Jupiter and provides easy access to Interstate 95 and Florida’s Turnpike.

According to Cushman, the distribution center opened in 1997 and underwent renovation in 2014. The property includes 32 parking stalls for trucks and a fire-resistant fuel tank with a capacity of 10,000 gallons.

The Jupiter property also includes three acres of land suitable for storage and for parking trucks.

“Large amounts of excess land are highly sought after by area tenants and are in increasingly short supply,” Dominic Montazemi, a senior director of Cushman, said in a written statement. [Sun-Sentinel] — Mike Seemuth            


Related Articles

arrow_forward_ios
Mike Odrich and Steven B. Fader with 113 Spinnaker Lane, Jupiter (Google Maps)
Real estate and private equity investor sells waterfront home in Jupiter for $8M
Real estate and private equity investor sells waterfront home in Jupiter for $8M
Johnny Gray and 176 Spyglass Lane in Jupiter (NHRA, Pelican Pix)
Racing team owner sells waterfront Jupiter mansion for $24M
Racing team owner sells waterfront Jupiter mansion for $24M
Value Store It President Carlos Diaz with the two properties (Diaz)
Value Store It buys two Palm Beach County properties for $35M
Value Store It buys two Palm Beach County properties for $35M
Nick Mastroianni II sold the property back to the sellers at a small profit (Google Maps, Nicholas Mastroianni)
Seller’s remorse: Nick Mastroianni returns Jupiter mansion
Seller’s remorse: Nick Mastroianni returns Jupiter mansion
150 Bears Club Drive, Jupiter (Google Maps)
Real estate developer buys Bear’s Club mansion in Jupiter for record $11M
Real estate developer buys Bear’s Club mansion in Jupiter for record $11M
Lance Cawley and 316 West Riverside Drive, Jupiter (Ferrari, Google Maps)
Ferrari racer buys riverfront home in Jupiter for $6M
Ferrari racer buys riverfront home in Jupiter for $6M
Nick Mastroianni II and 19681 Loxahatchee River Road (VHT Studios)
EB-5 chief Nick Mastroianni buys waterfront home in Jupiter
EB-5 chief Nick Mastroianni buys waterfront home in Jupiter
Eric and Lara Trump with 502 Bald Eagle Drive in Jupiter (Getty, Google Maps)
Trump town: Eric and Lara buy home near Don Jr. in Jupiter
Trump town: Eric and Lara buy home near Don Jr. in Jupiter
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...