James H. Batmasian Acquires Delray Beach Office Building For $6.5M
SOLD
$6,500,000
Florida
See Similar DealsOffice9,819 SF
Sold 01/27/2022
SOLD
James H. Batmasian Acquires Delray Beach Office Building For $6.5M
632 East Atlantic Avenue, Delray Beach, Florida 33483, United States
See Similar DealsOffice9,819 SF
Sold 01/27/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$662
Total Square Footage:9,819 SF
Transaction Type:Sale
The office building located at 632 E Atlantic Ave in Delray Beach, FL has been sold in a recent transaction. The property, measuring 9,819 square feet, was sold for a price of $6,500,000, resulting in a price per square foot of $662.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: $6,500,000
- Address: 632 E Atlantic Ave, Delray Beach, FL
- Square Footage: 9,819
- Price per Square Foot: $662
James H. Batmasian acquired the office building from Joseph S. Sitt in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79
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