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551 SE 8th St, Delray Beach...

Updated Oct 29, 2024

CDS International Holdings Acquires Property From Spirit Realty In Delray Beach For $25 Million
SOLDCommercial

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

About this deal

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.

On the Map

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$25,000,000

Commercial

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Players

Keith O'Donnell

Avison Young

Broker

$165.8M

vol

11 deals

Broker
CH
CDS International HoldingsBuyer
SR
Spirit RealtySeller
Bilt advertisement

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

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