The Offering
CBRE, Inc. is the exclusive marketing broker for the sale of the Jupiter Medical & Technology Park (“Property”), located at 1701 Military Trail, Jupiter, Florida. The Property comprises a 185,000± SF medical and technology facility on a beautiful 16-acre corporate campus setting.
The building was constructed for Marquette Electronics, which was subsequently acquired by GE Medical Systems Information Technologies (GEMS) in 1999. The Property is currently 92% occupied, with 45% of the building leased to GEMS and 34% of the building belonging to the owner-occupier, Florida Turbine Technologies (FTT). FTT is prepared to sign a five-year lease with the new Buyer upon sale at mutually agreed upon terms. Other existing tenants include Jupiter Kidney Center and Jupiter Medical Center.
Investment Highlights
• Unique opportunity to acquire functional, state-of-the-art, medical and technology facility at a price well below replacement costs
• Well maintained, attractive, high-quality corporate campus-style property featuring a scenic lake with central water fountain against a serene wetland preserve
• Strategic location less than one-mile from the 283-bed Jupiter Medical Center and within Jupiter’s active and growing life sciences hub
• Exceptional Jupiter demographics, including average household income of $92,316 and average housing value of $321,320 within a three-mile radius of the Property
• Strong Jupiter population growth in excess of 400% since 1980 with continued robust growth of 7.25% through 2018 projected within a three-mile radius of the Property
• Nearly half of the Property occupied by a Fortune 100 company through December 2019
• Only 9.4% rollover until end of 2018, providing stable cash flows for nearly five years, with value-add potential to lease up the remaining 8% of the Property
Investment Summary
1701 Military Trail Jupiter, Florida
Available SF: 185,000± SF
Year Built: 1990/1996
Land Area: 16-Acres
Occupancy: 92%
Tenants: Four
Purchase Price: Unpriced
Exclusive Contacts
Property Inquiry and Tours
Dominic Montazemi
Vice President
Private Capital Group
+1 561 393 1622
Scott O’Donnell
Senior Vice President
Private Capital Group
+1 561 393 1602
Christian Lee
Vice Chairman
Institutional Group
+1 305 381 6425
Debt Financing
Jason Hochman
Vice President
Debt & Equity Finance
+1 305 381 6439
Market Leasing
Robert Smith
Senior Vice President
Brokerage
+1 561 393 1608
CBRE, Inc. – Licensed Real Estate Broker
More Information
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