Updated Sep 9, 2024
Prakas & Co, Inc. Acquires Development Site In Deerfield Beach For $10 Million
1755 Southeast 3rd Court, Deerfield Beach, Florida 33441, United States
$10,000,000
$125/SF
Building Size
79,471 SF
Asset Type
Development Site
Closing
Sep 8, 2022
About this deal
AI
A development site in Deerfield Beach has been sold for $10,000,000. The property is located at 1755 SE 3rd Ct and has a total square footage of 79,471. The price per square foot is $126, and the building square footage is 72,745, resulting in a price per building square foot of $137. The transaction took place on September 9, 2022.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $10,000,000
- Address: 1755 SE 3rd Ct
- Market: Deerfield Beach
- Square Footage: 79,471
- Price Per Square Foot: $126
The buyer's representatives in this deal were Athan "Tom Prakas & Chas Prakas from Prakas & Co, Inc. On the other hand, the seller was represented by Sheila Rioux and Julie Berry from CBRE.
Players
Deerfield Beach Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93