Lennar Corp Acquires Delray Beach Development Site For $27.6M
7472 N Oriole Blvd, Delray Beach, Fl 33446, Usa
$27,640,000
Building Size
—
Asset Type
Development Site
Closing
Oct 11, 2020
AI
Located at 7472 N. Oriole Blvd. in Delray Beach, this development site was recently sold in a closed transaction. The buyer, Lennar Corp represented by Rick Beckwitt, acquired the property.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $27,640,000
- Lots: 209
- Price Per Lot: $132,248
With a transaction amount of $27,640,000, this development site consists of 209 lots, resulting in a price per lot of $132,248. The sale was finalized on 10/12/2020.
Players
Delray Beach Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93