Gregory Bartoli & Mark Rouleau Acquire Commercial Property In Delray Beach For $4.9M
SOLD
$4,900,000
Florida
See Similar DealsCommercial11,000 SF
Sold 05/17/2021
SOLD
Gregory Bartoli & Mark Rouleau Acquire Commercial Property In Delray Beach For $4.9M
1314 N Federal Hwy, Delray Beach, FL, USA
See Similar DealsCommercial11,000 SF
Sold 05/17/2021
Summary
FLORIDA
Asset Type:Commercial
Price Per Square Foot:$445
Total Square Footage:11,000 SF
Transaction Type:Sale
The commercial property located at 1314 N Federal Hwy in Delray Beach has been sold for $4,900,000. The property is situated in a prime location on North Federal Highway.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $4,900,000
- Address: 1314 N Federal Hwy, Delray Beach
- Market: Delray Beach
The buyer of the property is Gregory Bartoli & Mark Rouleau, while the sellers are Jeffrey A. Levitetz & Alan Rutner. Both the buyer and sellers have successfully completed the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$261,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,408.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,228.50
Annual Debt Service$278,742.00
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