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Realty Standard Acquires Office Building In Deerfield Beach For $2.4M

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SOLD
$2,400,000

Florida

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Office8,177 SF
Sold 01/25/2022
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Property Image
SOLD

Realty Standard Acquires Office Building In Deerfield Beach For $2.4M

361 East Hillsboro Boulevard, Deerfield Beach, Florida 33441, United States

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Office8,177 SF
Sold 01/25/2022
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$293
Total Square Footage:8,177 SF
Transaction Type:Sale

The office building located at 361 E Hillsboro Blvd in Deerfield Beach has been sold for $2,400,000. The property spans 8,177 square feet, resulting in a price per square foot of $294. This transaction was facilitated by Dominick Rivera from Realty Standard.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $2,400,000
  • Address: 361 E Hillsboro Blvd
  • Market: Deerfield Beach
  • Square Footage: 8,177
  • Price per Square Foot: $294
  • Broker: Dominick Rivera - Realty Standard

This deal was successfully executed with the assistance of Dominick Rivera from Realty Standard, who represented the parties involved in the transaction. Through their expertise and negotiation skills, the sale of the office building at 361 E Hillsboro Blvd was made possible.

Players

1 deal$2.4M volume
BROKER

Details

SOLD
IMAGE: Dominick Rivera ADDRESS: 361 E Hillsboro Blvd MARKET: Deerfield Beach ASSET TYPE: Office BROKER: Dominick Rivera (@RealEstateDominick) - Realty Standard (@RealtyStandard) SALE PRICE: $2,400,000 SF: 8,177 ~ PPSF: $294

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

$127,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69