James H. Batmasian Acquires Delray Beach Office Building For $6.5M
632 East Atlantic Avenue, Delray Beach, Florida 33483, United States
$6,500,000
$662/SF
Building Size
9,819 SF
Asset Type
Office
Closing
Jan 26, 2022
AI
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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Delray Beach Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93