Updated Dec 4, 2024
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
About this deal
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.
The industrial sale at 705 Bond Way in Delray Beach, Florida sold for $2.2M in 2024. The building is 2,970 square feet, implying about 723 per square foot on the published price. Stephen Mossini, Edward Cairo, Local Real Estate, Laguna Realty Partners appear on the sale alongside Local Real Estate, Laguna Realty Partners. This page is the Delray Beach, Florida file for the 705 Bond Way industrial sold: pricing, party profiles, and other closed industrial comps from the same Delray Beach sit in the Market section below. Filter that Delray Beach industrial set by closing date to see what else sold near 705 Bond Way around 2024. Published consideration for 705 Bond Way is $2.2M, dated 2024. Cite this Edward Cairo & Stephen Mossini Close $2.15M Industrial Sale In Delray Beach sale when underwriting similar industrial product around Delray Beach, Florida.
On the Map
$2,150,000
$723/SF
Industrial
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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