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

Property Image
SOLD
$2,150,000

Florida

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Industrial2,970 SF
Sold 04/15/2024
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Property Image
SOLD

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

705 Bond Way

See Similar Deals
Industrial2,970 SF
Sold 04/15/2024
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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.

Players

Stephen Mossini
3 deals$9.1M volume(561) 789-6391
BROKER

Edward Cairo
2 deals$5.8M volume(561) 376-4583
BROKER

Details

SOLD
IMAGE: Stephen Mossini & Edward Cairo DATE: 04/15/2024 ADDRESS: 705 Bond Way MARKET: Delray Beach ASSET TYPE: Industrial BUYER'S REP: Edward Cairo - Laguna Realty Partners SELLER'S REP: Stephen Mossini (@SMossini) - Local Real Estate Co (@LocalRealEstateCo) SALE PRICE: $2,150,000 SF: 2,970 ~ PPSF: $724

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Deal Type
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