Ronny Finvarb Acquires Retail Property In Deerfield Beach For $9.3M
233-249 Northeast 21st Avenue, Deerfield Beach, FL, USA
$9,300,000
$180/SF
Building Size
51,662 SF
Asset Type
Retail
Closing
Jul 7, 2020
About this deal
AI
Ronny Finvarb has purchased a retail property located at 233-249 Northeast 21st Avenue in Deerfield Beach. The property spans 51,662 square feet and was sold for $9,300,000, resulting in a price per square foot of $180. The transaction took place on July 7, 2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,300,000
- Address: 233-249 Northeast 21st Avenue, Deerfield Beach
- Square Footage: 51,662
- Market: Deerfield Beach
The property was sold by Atlantic Pavilion, represented by James Nizzo and Ellen Spiros, to Ronny Finvarb. Ronny Finvarb made the purchase through this transaction.
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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93