Lennar Corp Acquires Delray Beach Development Site For $27.6M
SOLD
$27,640,000
Connecticut
See Similar DealsDevelopment Site
Sold 10/12/2020
SOLD
Lennar Corp Acquires Delray Beach Development Site For $27.6M
7472 N Oriole Blvd, Delray Beach, Fl 33446, Usa
See Similar DealsDevelopment Site
Sold 10/12/2020
Summary
CONNECTICUT
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,474,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$98,199.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$131,027.70
Annual Debt Service$1,572,332.42
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