Rosebud JB LLC Acquires Retail Property In Delray Beach For $7.3M
301 East Atlantic Avenue, Delray Beach, FL, USA
$7,300,000
$2,470/SF
Building Size
2,955 SF
Asset Type
Retail
Closing
Feb 5, 2020
About this deal
AI
Rosebud JB LLC, a company owned by Menin Development company led by Craig Menin, has recently acquired a retail property located at 301 East Atlantic Avenue in Delray Beach. The sale, which took place on February 6, 2020, involved the purchase of a 2,955 square foot asset.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,300,000
- Address: 301 East Atlantic Avenue, Delray Beach
- Market: Delray Beach
Nicholas G. Nicholas, representing 301 East Atlantic LLC, served as the seller in this transaction. The property was sold at a price of $7,300,000, resulting in a price per square foot of $2,470.
Players
Delray 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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93