Michael Pennachio Acquires Other Vacant Property In Delray Beach For $4.45M
8714 Sawpine Road, Delray Beach, Florida 33446, United States
$4,450,000
Building Size
—
Asset Type
Other
Closing
Jul 25, 2022
About this deal
AI
The property involved in this transaction is an Other Vacant asset located at 8714 Sawpine Rd in Delray Beach, FL. The sale took place on July 26, 2022, with a purchase price of $4,450,000. The market value of the property was not disclosed.
Summary of transaction details
- Property Type: Other Vacant
- Transaction Amount: $4,450,000
- Address: 8714 Sawpine Rd, Delray Beach, FL
The buyer in this transaction is Michael Pennachio, and the sellers are Zina Noreen Razlaff and John P Cortese. There is no additional information available about the buyer's representative or the seller's representative.
Players
Delray Beach Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.56%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93