James Batmasian Acquires Retail And Office Property In Delray Beach From Thor Equities - Joseph Sitt For $6.5M
SOLD
$6,500,000
Florida
See Similar DealsMixed-use10,000 SF
Sold 01/31/2022
SOLD
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
See Similar DealsMixed-use10,000 SF
Sold 01/31/2022
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$650
Total Square Footage:10,000 SF
Transaction Type:Sale
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.
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
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Annual Debt Service$369,759.79
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