Gregory Blanco Acquires Store In Delray Beach For $2.5M
SOLD
Florida
See Similar DealsRetail6,903 SF
Sold 03/29/2022
SOLD
Gregory Blanco Acquires Store In Delray Beach For $2.5M
25 East 3rd Street, Hialeah, Florida 33010, United States
See Similar DealsRetail6,903 SF
Sold 03/29/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$362
Total Square Footage:6,903 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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