John T Walsh & Scott Penner Acquire Office Building In Delray Beach, FL For $9.0M
321 2nd Avenue, Windermere, Florida 34786, United States
$9,028,300
$993/SF
Building Size
9,091 SF
Asset Type
Office
Closing
Mar 29, 2022
About this deal
AI
An office building located at 321 E 2nd Ave, 317 E 2nd Ave & 301 E 2nd Ave in Delray Beach, FL was recently sold. The property spans a total of 9,091 square feet and was sold for a price of $9,028,300, resulting in a price per square foot of $993.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $9,028,300
- Address: 321 E 2nd Ave, 317 E 2nd Ave & 301 E 2nd Ave, Delray Beach, FL
- Market: Delray Beach, FL
The buyers of the office building are John T Walsh and Scott Penner. On the other hand, Cecilia J Egan, Vito William Vultaggio, Philip Vultaggio Jr, and Diane Marshall are the sellers involved in the transaction.
Players
Windermere Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse Florida office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93