Montrose Lexington Associates Acquires Retail Property In Delray Beach For $8.1M
3200 S Federal Blvd, Denver, CO 80236, USA
$8,100,000
$56/SF
Building Size
143,620 SF
Asset Type
Retail
Closing
Jun 22, 2020
About this deal
AI
A retail property located at 3200 South Federal Drive in Delray Beach has been sold. The property spans across 14,362 square feet and was sold for a total price of $8,100,000, resulting in a price per square foot of $563.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,100,000
- Square Footage: 14,362
- Price Per Square Foot: $563
- Address: 3200 South Federal Drive, Delray Beach
- Market: Delray Beach
The buyer of this retail property is Montrose Lexington Associates, while the seller is Oak Street Real Estate Capital, represented by Jim Hennessy & Marc Zahr.
Players
Denver Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93