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705 Bond Way

Edward Cairo & Stephen Mossini Close $2.15M Industrial Sale In Delray Beach
SOLDIndustrial

Edward Cairo & Stephen Mossini Close $2.15M Industrial Sale In Delray Beach

705 Bond Way

$2,150,000

$723/SF

Building Size

2,970 SF

Asset Type

Industrial

Closing

Apr 15, 2024

AI

Located at 705 Bond Way in Delray Beach, the industrial property spanning 2,970 square feet was successfully sold for $2,150,000, equating to a price per square foot of $724.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,150,000
  • Address: 705 Bond Way
  • Market: Delray Beach
  • Asset Type: Industrial

Representing the parties involved in this transaction were Edward Cairo from Laguna Realty Partners as the buyer's representative and Stephen Mossini from Local Real Estate Co as the seller's representative.

Players

Stephen Mossini

Local Real Estate

Broker

$9.1M

vol

3 deals

Broker

Delray Beach Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.38%

Cash-on-Cash

-2.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93