Steven E. Cohen Acquires Retail Property On East Atlantic Ave In Delray Beach For $11.5M
SOLD
$11,500,000
Florida
See Similar DealsRetail11,382 SF
Sold 04/22/2021
SOLD
Steven E. Cohen Acquires Retail Property On East Atlantic Ave In Delray Beach For $11.5M
325 E Atlantic Ave, Delray Beach, FL, USA
See Similar DealsRetail11,382 SF
Sold 04/22/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,010
Total Square Footage:11,382 SF
Transaction Type:Sale
The retail property located at 325 East Atlantic Ave in Delray Beach has been sold in a transaction. The property spans 11,382 square feet and was sold for a total price of $11,500,000. The price per square foot for this sale is calculated to be $1,010.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,500,000
- Square Footage: 11,382
- Price per Square Foot: $1,010
The buyer of the property is Steven E. Cohen, while the seller is Cook Delray Holdings LLC, represented by Mary Ellen Cook and David Cook.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$613,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40
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