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4339 South Drive, Del Ray B...

Updated Oct 29, 2024

Victoria SK Holdings Sells Development Site In Del Rey For $6M
SOLDDevelopment Site

Victoria SK Holdings Sells Development Site In Del Rey For $6M

4339 South Drive, Del Ray Beach, FL, USA

$6,000,000

$262/SF

Building Size

22,864 SF

Asset Type

Development Site

Closing

Jun 6, 2019

About this deal

AI

An industrial development site located at 4339 S Berryman in Del Rey has been sold for $6,000,000. The property spans approximately 22,864 square feet, resulting in a price per square foot of $262.42. The sale took place on June 7, 2019.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $6,000,000
  • Address: 4339 S Berryman, Del Rey
  • Market: Del Rey
  • SF: 22,864
  • PPSF: $262.42

The seller of the development site was Victoria SK Holdings, LLC. The transaction was facilitated by Elizabeth Clark and Dario Svidler from Compass.

Players

Dario Svidler

Partners CRE

Broker

$200M

vol

31 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage
Compass
CompassBrokerage

Delray Beach Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $262 per square foot on a published $6M for 22,864 square feet (2019).

Visit Elizabeth Clark to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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