Kingdom Living Properties Acquires 103.9-Acre Land In Delray Beach For $13.75M
10233 Atlantic Ave, Delray Beach, Fl 33446
$13,750,000
Building Size
—
Asset Type
Land
Closing
Aug 2, 2023
About this deal
AI
The property at 10233 Atlantic Avenue in Delray Beach has been sold for $13.75 million. This 103.9-acre land parcel is located across from Wawa and offers convenient access from both Atlantic Avenue and 441.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $13,750,000
- Address: 10233 Atlantic Avenue, Delray Beach
- Market: Delray Beach
- Broker: Thomas DiBucci - Kingdom Living Properties Co
- Image: Thomas DiBucci
- Date: 08/02/2023
- Asset Type: Land
- Acres: 103.9
The sale was facilitated by Thomas DiBucci from Kingdom Living Properties Co. With its strategic location and extensive acreage, this property presents a promising opportunity for development and investment.
On the Map
$13,750,000
Land
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93