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
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