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Kingdom Living Properties Acquires 103.9-Acre Land In Delray Beach For $13.75M
SOLD
$13,750,000
Florida
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Sold
SOLD
Kingdom Living Properties Acquires 103.9-Acre Land In Delray Beach For $13.75M
10233 Atlantic Ave, Delray Beach, Fl 33446
See Similar DealsLand
Sold
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
- 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.
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Deal Type
30 years
10 years
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
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