Rosebud JB LLC Acquires Retail Property In Delray Beach For $7.3M
SOLD
$7,300,000
Florida
See Similar DealsRetail2,955 SF
Sold 02/06/2020
SOLD
Rosebud JB LLC Acquires Retail Property In Delray Beach For $7.3M
301 East Atlantic Avenue, Delray Beach, FL, USA
See Similar DealsRetail2,955 SF
Sold 02/06/2020
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$2,470
Total Square Footage:2,955 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$389,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,935.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,605.72
Annual Debt Service$415,268.69
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