Redfearn Capital Acquires Mixed-Use Asset In Delray Beach For $38.2 Million
105-111 E Atlantic Avenue In Delray Beach, Fl 33444
$38,200,000
$1,640/SF
Building Size
23,290 SF
Asset Type
Mixed-use
Closing
Sep 10, 2026
About this deal
AI
The mixed-use property located at 105-111 E Atlantic Avenue in Delray Beach, FL 33444 was recently sold for a price of $38,200,000. This asset spans a total of 23,290 square feet, resulting in a price per square foot of $1,640 in the Delray Beach market.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $38,200,000
- Address: 105-111 E Atlantic Avenue, Delray Beach, FL 33444
- Market: Delray Beach
- Square Footage: 23,290
- Price Per Square Foot: $1,640
- Buyer: Redfearn Capital
- Seller: Billy Himmelrich
- Seller's Representatives: Michael Ciadella, Scott O'Donnell, Miguel Alcivar - Cushman & Wakefield; Don Ginsburg, Adam Steinlauf - Katalyst Real Estate & Development
Key individuals involved in this transaction include the buyer Redfearn Capital and the seller Billy Himmelrich, with several representatives from Cushman & Wakefield and Katalyst Real Estate & Development facilitating the deal. The seller's representatives played a pivotal role in the successful transfer of the property.
Players
Delray Beach Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93