James Batmasian Acquires Retail And Office Property In Delray Beach From Thor Equities - Joseph Sitt For $6.5M
630 West Atlantic Avenue, Delray Beach, Florida 33446, United States
$6,500,000
$650/SF
Building Size
10,000 SF
Asset Type
Mixed-use
Closing
Jan 30, 2022
AI
630 Atlantic Avenue, a retail and office property located in Delray Beach, has been sold in a recent transaction. The property spans approximately 0.1 acres and offers a total of 10,000 square feet of space. The sale took place on January 31, 2022.
Summary of transaction details
- Property Type: Retail & Office
- Transaction Amount: $6,500,000
- Square Footage: 10,000
- Price Per Square Foot: $650
- Address: 630 Atlantic Avenue, Delray Beach
- Market: Delray Beach
The buyer in this transaction is James Batmasian. Thor Equities, represented by Joseph Sitt, acted as the seller. The buyer purchased the property from Thor Equities for a total of $6,500,000.
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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93