Alex Redfearn Of Redfearn Capital Acquires Mixed-Use Property In Delray Beach From Steve And Lee Cohen
SOLD
Florida
See Similar DealsMixed-use9,114 SF
Sold 12/15/2025
SOLD
Alex Redfearn Of Redfearn Capital Acquires Mixed-Use Property In Delray Beach From Steve And Lee Cohen
131 East Atlantic Avenue
See Similar DealsMixed-use9,114 SF
Sold 12/15/2025
Summary
FLORIDA
Asset Type:Mixed-use
Total Square Footage:9,114 SF
Transaction Type:Sale
The property asset involved in the transaction is a mixed-use building located at 131-137 East Atlantic Avenue in Delray Beach. It encompasses a total square footage of 9,114. The transaction occurred on December 15, 2025.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Address: 131-137 East Atlantic Avenue
- Market: Delray Beach
- Asset Size: 9,114 SF
- Buyer: Alex Redfearn - Redfearn Capital
- Seller: Steve Cohen & Lee Cohen
- Seller's Representative: Michael Ciadella - Cushman & Wakefield
The transaction involved key individuals, with Alex Redfearn representing Redfearn Capital as the buyer. The sellers in this transaction were Steve Cohen and Lee Cohen, who engaged Michael Ciadella from Cushman & Wakefield as their representative in the deal.
Players
BROKERAGE
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$533,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22
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