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Kingdom Living Properties Acquires 103.9-Acre Land In Delray Beach For $13.75M

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SOLD
$13,750,000

Florida

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Kingdom Living Properties Acquires 103.9-Acre Land In Delray Beach For $13.75M

10233 Atlantic Ave, Delray Beach, Fl 33446

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Summary

FLORIDA
Asset Type:Land
Transaction Type:Sale

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

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.

Players

Thomas DiBucci
2 deals$26.8M volume(561) 715-1283
BROKER

Details

SOLD
IMAGE: Thomas DiBucci DATE: 08/02/2023 ADDRESS: 10233 Atlantic Avenue MARKET: Delray Beach ASSET TYPE: Land ~ ACRES: 103.9 BROKER: Thomas DiBucci - Kingdom Living Properties Co SALE PRICE: $13,750,000 NOTE: The property at 10233 Atlantic Avenue in Delray Beach was sold for $13.75 million. The 103.9-acre site sits across from Wawa and offers multiple access points from Atlantic Avenue and 441.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$733,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$48,850.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$65,182.01
Annual Debt Service$782,184.18