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
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