SOLDOffice
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
$3,900,000
Building Size
—
Asset Type
Office
Closing
Mar 15, 2021
About this deal
AI
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.
Players
Delray Beach Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93