Joseph Edelman Acquires Retail Property From Butters Realty In Deerfield Beach For $12.75M
2215 W Hillsboro Blvd
$12,750,000
$203/SF
Building Size
62,656 SF
Asset Type
Retail
Closing
Sep 1, 2017
About this deal
AI
The property asset involved in the transaction is a retail space located at 2215 W Hillsboro Blvd in Deerfield Beach. The transaction was completed for $12,750,000.00, encompassing a total area of 62,656 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,750,000.00
- Address: 2215 W Hillsboro Blvd
- Market: Deerfield Beach
- Square Footage: 62,656.0
- Buyer: Joseph Edelman
- Seller: Butters Realty
- Brokers: Tyler Kuhlman
The transaction was facilitated by Tyler Kuhlman, representing the buyer, Joseph Edelman, in this retail property deal. The seller, Butters Realty, was involved in the transaction aimed at transferring ownership of the retail asset in Deerfield Beach.
On the Map
$12,750,000
$203/SF
Retail
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Players
Deerfield Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.24%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93