Updated Oct 12, 2026
Caron Treatment Centers Acquires Multifamily Property In Delray Beach For $12M
2045 Lowson Boulevard, Delray Beach, FL, USA
$12,000,000
$3,081/SF
Building Size
3,894 SF
Asset Type
MultiFamily
Closing
Jan 20, 2021
About this deal
AI
Located at 2045 Lowson Boulevard in Delray Beach, this multifamily property was recently sold in a closed transaction. The property consists of 46 units and is part of the Delray Beach market. The sale was finalized on January 21, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $12,000,000
- Price per Unit: $260,870
The buyer in this transaction was Caron Treatment Centers, represented by Doug Tieman. Caron Treatment Centers is a prominent player in the real estate market. On the other hand, Allan V. Rose of AVR Realty Company acted as the seller. The deal was successfully facilitated by Doug Tieman representing Caron Treatment Centers.
On the Map
$12,000,000
$3,081/SF
MultiFamily
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Players
Delray Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93