Property Description

300 Jupiter Street presents a substantial income-producing commercial and industrial investment opportunity comprising approximately 115,520 square feet on 12.42 acres, according to property records. The offering combines a large building footprint, extensive paved areas, and an existing triple-net lease covering the entire building. Seller-reported rental income totals $45,000 per month, consisting of $25,000 in base rent and $20,000 in expansion rent, equivalent to $540,000 annually at the current rental rate. The lease assigns responsibility for property taxes, insurance, utilities, maintenance, and repairs-including roof and structural repairs-to the tenant. Assuming no unreimbursed landlord operating expenses, annualized net operating income would be approximately $540,000, representing an estimated 18.0% capitalization rate at the asking price. Actual NOI and capitalization rate remain subject to verification of rental collections, applicable credits, and owner expenses. Built in 1970, the single-story facility features a brick exterior, concrete flooring, exposed steel roof framing, and substantial interior floor areas. The seller reports thick concrete walls and extensive insulation. Paved areas surrounding the building provide exterior access and on-site circulation, while portions of the acreage retain established trees and open lawn. The lease documents provided outline an initial term through December 31, 2028, with one additional three-year renewal option, subject to the lease's conditions and confirmation of the executed agreement. The offering provides investors an opportunity to acquire a sizable industrial asset with existing rental income and potential continued occupancy through renewal.

Property Features

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