Steven E. Cohen Acquires Retail Property On East Atlantic Ave In Delray Beach For $11.5M
325 E Atlantic Ave, Delray Beach, FL, USA
$11,500,000
$1,010/SF
Building Size
11,382 SF
Asset Type
Retail
Closing
Apr 21, 2021
About this deal
AI
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.
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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93