Updated Dec 20, 2023
Fred A. Zorovich & Fredrick J. Zorovich Acquire Industrial Property In Delray Beach, FL For $2.4M
605 East 1st Avenue Delray Beach
$2,400,000
Building Size
—
Asset Type
Industrial
Closing
Apr 24, 2022
About this deal
AI
The industrial property located at 605 E 1st Ave in Delray Beach, FL has been sold in a recent transaction. The property was purchased by Fred A. Zorovich & Fredrick J. Zorovich from the seller Todd W. Gallo.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $2,400,000
- Address: 605 E 1st Ave, Delray Beach, FL
The buyer, represented by their agent, acquired the property in this transaction. The sale was completed on 04/25/2022.
The industrial sale at 605 East 1st Avenue Delray Beach in Hialeah, Florida sold for $2.4M in 2022. 605 East 1st Avenue Delray Beach is classified as Industrial on Traded. This page is the Hialeah, Florida file for the 605 East 1st Avenue Delray Beach industrial sold: pricing, party profiles, and other closed industrial comps from the same Hialeah sit in the Market section below. Filter that Hialeah industrial set by closing date to see what else sold near 605 East 1st Avenue Delray Beach around 2022. Published consideration for 605 East 1st Avenue Delray Beach is $2.4M, dated 2022. Cite this Fred A. Zorovich & Fredrick J. Zorovich Acquire Industrial Property In Delray Beach, FL For $2.4M sale when underwriting similar industrial product around Hialeah, Florida.
Players
Hialeah Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93