CDS International Holdings Acquires Property From Spirit Realty In Delray Beach For $25 Million
SOLD
$25,000,000
Florida
See Similar DealsCommercial
Sold 06/27/2022
SOLD
CDS International Holdings Acquires Property From Spirit Realty In Delray Beach For $25 Million
551 SE 8th St, Delray Beach, FL, 33483
See Similar DealsCommercial
Sold 06/27/2022
Summary
FLORIDA
Asset Type:Commercial
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,512.75
Annual Debt Service$1,422,153.05
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