Updated Feb 5, 2025
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
About this deal
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.
The development site sale at 7472 N Oriole Blvd, Delray Beach, Fl 33446, Usa in Delray Beach, Connecticut sold for $27.6M in 2020. 7472 N Oriole Blvd, Delray Beach, Fl 33446, Usa is classified as Development Site on Traded. Named participants on the 7472 N Oriole Blvd, Delray Beach, Fl 33446, Usa sale are Rick Beckwitt. This page is the Delray Beach, Connecticut file for the 7472 N Oriole Blvd, Delray Beach, Fl 33446, Usa development site sold: pricing, party profiles, and other closed development site comps from the same Delray Beach sit in the Market section below. Filter that Delray Beach development site set by closing date to see what else sold near 7472 N Oriole Blvd, Delray Beach, Fl 33446, Usa around 2020. Published consideration for 7472 N Oriole Blvd, Delray Beach, Fl 33446, Usa is $27.6M, dated 2020. Cite this Lennar Corp Acquires Delray Beach Development Site For $27.6M sale when underwriting similar development site product around Delray Beach, Connecticut.
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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