Edward Cairo & Stephen Mossini Close $2.15M Industrial Sale In Delray Beach
SOLD
Florida
See Similar DealsIndustrial2,970 SF
Sold 04/15/2024
SOLD
Edward Cairo & Stephen Mossini Close $2.15M Industrial Sale In Delray Beach
705 Bond Way
See Similar DealsIndustrial2,970 SF
Sold 04/15/2024
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$723
Total Square Footage:2,970 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$114,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,638.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,192.10
Annual Debt Service$122,305.16
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