$7,950,000
$8,950,000
11.2%For more information regarding the value of a property, please contact us for a free consultation.
1284 S Park Ln S Jupiter, FL 33458
22,365 SqFt
Key Details
Sold Price $7,950,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 22,365 sqft
Price per Sqft $355
MLS Listing ID A11355444
Sold Date 08/01/23
Style Detached
Construction Status Resale
HOA Y/N No
Year Built 1998
Annual Tax Amount $77,525
Contingent No Contingencies
Lot Size 3.740 Acres
Acres 3.74
Property Description
NNN Investment Deal: Originally constructed as a build-to-suit in 1997, the Blue Triton Jupiter location serves as a mission-critical facility to service one of the largest distribution markets in the country, South Florida. The Property is located in Jupiter Park of Commerce and is currently, 100% leased through July 2033 with two (2) five (5) year options to Blue Triton, formerly known as Nestlé Waters, the world’s largest distributor of bottled water. Blue Triton/Nestlé Waters is wholly owned by One Rock Capital Partners Metropoulos, a food and beverage conglomerate headquartered in Connecticut. This location serves as a regional distribution hub servicing markets south to Boca Raton and north to Vero Beach. The net lease is guaranteed by Blue Triton.
Location
State FL
County Palm Beach County
Area 5100
Exterior
Waterfront No
Roof Type Metal
Parking Type Common
Total Parking Spaces 90
Building
Story 1
Architectural Style Detached
Level or Stories One
Structure Type Modular/Prefab
Construction Status Resale
Others
Tax ID 30424109030000270
Ownership Corporation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Corporate Listing
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Bought with The Keyes Company