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25 SE 4th Ave, Delray Beach...

International Materials, Inc. Leases 20052 Square Feet At 25 SE 4th Ave Delray Beach
LEASEDCommercial

International Materials, Inc. Leases 20052 Square Feet At 25 SE 4th Ave Delray Beach

25 SE 4th Ave, Delray Beach, FL, 33483

Building Size

20,052 SF

Asset Type

Commercial

Closing

Nov 20, 2023

AI

The leased property is located at 25 SE 4th Ave, Delray Beach, FL, 33483, within the Delray Beach market. The total area of the lease is 20,052 square feet, featuring a transaction between International Materials, Inc. as the tenant and Samuels & Associates as the landlord.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 25 SE 4th Ave, Delray Beach, FL, 33483
  • Market: Delray Beach
  • Square Feet: 20,052
  • Tenant: International Materials, Inc.
  • Landlord: Samuels & Associates
  • Tenant's Representative: Ingrid Kennemer-Coastal Commercial Group
  • Landlord's Representatives: Keith O’Donnell-Avison Young, Gary Gottlieb-Avison Young

In this transaction, Ingrid Kennemer represents International Materials, Inc., while Keith O’Donnell and Gary Gottlieb represent Samuels & Associates for the lease agreement. Their involvement underscores the professional connections in the closing of this deal.

Players

Gary Gottlieb

Colliers

Broker

$51.5M

vol

4 deals

Broker
SA
Samuels & AssociatesLandlord

Delray Beach Commercial Market Snapshot

Boundary boundary · Commercial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93