CDS International Holdings Acquires Property From Spirit Realty In Delray Beach For $25 Million
551 SE 8th St, Delray Beach, FL, 33483
$25,000,000
Building Size
—
Asset Type
Commercial
Closing
Jun 27, 2022
AI
The property involved in the transaction is located at 551 SE 8th St, Delray Beach, FL, 33483. It was sold for 25,000,000.00. The property spans 0 square feet and is situated within the Delray Beach market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $25,000,000.00
- Address: 551 SE 8th St, Delray Beach, FL, 33483
- Market: Delray Beach
- Buyer: CDS International Holdings
- Seller: Spirit Realty
- Buyer’s Representative: Keith O’Donnell (Avison Young)
Keith O’Donnell from Avison Young represented the buyer, CDS International Holdings, in this transaction involving the seller, Spirit Realty. This transaction reflects the collaboration between these parties in the real estate market.
Players
Delray Beach Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93