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318 Se 5th LLC, 319 Se 5th LLC, 320 Se 5th LLC & 321 Se 5th LLC Acquires Office Building In Delray Beach For $3.9M

Property Image
SOLD
$3,900,000

Florida

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Office
Sold 03/16/2021
the dealdetailscomps
Property Image
SOLD

318 Se 5th LLC, 319 Se 5th LLC, 320 Se 5th LLC & 321 Se 5th LLC Acquires Office Building In Delray Beach For $3.9M

308 SE 5th Ave, Delray Beach, FL, USA

See Similar Deals
Office
Sold 03/16/2021
the dealdetailscomps

Summary

FLORIDA
Asset Type:Office
Transaction Type:Sale

A office property located at 308, 318, 338 & 346 SE 5th Ave in Delray Beach has been sold for a price of $3,900,000. The property was sold in a recent transaction.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $3,900,000
  • Address: 308, 318, 338 & 346 SE 5th Ave, Delray Beach
  • Seller: Phillip Mcfillin
  • Buyer: 318 Se 5th LLC, 319 Se 5th LLC, 320 Se 5th LLC & 321 Se 5th LLC

Phillip Mcfillin sold the office property located at 308, 318, 338 & 346 SE 5th Ave in Delray Beach. The buyers of the property were 318 Se 5th LLC, 319 Se 5th LLC, 320 Se 5th LLC & 321 Se 5th LLC.

Details

SOLD
IMAGE: 03/16/2021 ADDRESS: 308, 318, 338 & 346 SE 5th Ave MARKET: Delray Beach ASSET TYPE: Office BUYER: 318 Se 5th LLC, 319 Se 5th LLC, 320 Se 5th LLC & 321 Se 5th LLC SELLER: Phillip Mcfillin PRICE: $3,900,000

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$208,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88