John A. Staluppi Jr & Christina M. Ribaudo Acquire Vacant Commercial Property In Delray Beach, FL For $10M
SOLD
Florida
See Similar DealsCommercial
Sold 01/03/2022
SOLD
John A. Staluppi Jr & Christina M. Ribaudo Acquire Vacant Commercial Property In Delray Beach, FL For $10M
2419 Federal Highway, Delray Beach, Florida 33483, United States
See Similar DealsCommercial
Sold 01/03/2022
Summary
FLORIDA
Asset Type:Commercial
Transaction Type:Sale
The vacant commercial property located at 2419 N Federal Hwy in Delray Beach, FL has been sold in a closed transaction. The sale took place on January 3, 2022, and the buyer of the property is John A. Staluppi Jr & Christina M. Ribaudo. The seller of the property is Peter Harrigan. The transaction price for this property was $10,000,000.
Summary of Transaction Details
- Property Type: Vacant Commercial
- Transaction Amount: $10,000,000
John A. Staluppi Jr & Christina M. Ribaudo have acquired the vacant commercial property at 2419 N Federal Hwy in Delray Beach, FL. The property was sold by Peter Harrigan. This transaction marks an important deal in the local market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$533,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22
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