Gregory Blanco Acquires Store In Delray Beach For $2.5M
25 East 3rd Street, Hialeah, Florida 33010, United States
$2,500,000
$362/SF
Building Size
6,903 SF
Asset Type
Retail
Closing
Mar 28, 2022
AI
The property asset involved in this transaction is a store located at 25 E 3rd Ave in Delray Beach, FL. The property spans 6,902 square feet and was sold for a price of $2,500,000, resulting in a price per square foot of $362.
Summary of transation details
- Property Type: Store
- Transaction Amount: $2,500,000
- Address: 25 E 3rd Ave, Delray Beach, FL
- Market: Delray Beach, FL
- Buyer: Gregory Blanco
- Seller: Steven C Voorhees, Bruce L Tanner & William H Rogers Jr
- Square Footage: 6,902
- Price per Square Foot: $362
In this transaction, Gregory Blanco acted as the buyer, while Steven C Voorhees, Bruce L Tanner, and William H Rogers Jr were the sellers of the property.
Hialeah 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93