Sleiman Enterprises Acquires Delray Beach Retail Property For $48M
4771 West Atlantic Avenue, Delray Beach, Florida 33445, United States
$48,000,000
$295/SF
Building Size
162,412 SF
Asset Type
Retail
Closing
Feb 6, 2022
About this deal
AI
Anthony Sleiman, Joseph Sleiman, and Eli Sleiman have sold a retail property located at 4771 W Atlantic Ave in Delray Beach. The sale, which took place on 02/07/2022, involved a transaction between Sleiman Enterprises represented by Michael McNaughton and Keith Corp. The property spans 162,412 square feet and was sold for a total price of $48,000,000, resulting in a price per square foot of $296.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $48,000,000
- Date: 02/07/2022
- Address: 4771 W Atlantic Ave
- Market: Delray Beach
- Buyer: Sleiman Enterprises - Michael McNaughton
- Seller: Keith Corp.
- Square Footage: 162,412
- Price per Square Foot: $296
Anthony Sleiman, Joseph Sleiman, and Eli Sleiman were the sellers of the property, while Sleiman Enterprises, represented by Michael McNaughton, acted as the buyer. The deal was transacted with Keith Corp. involved as the seller.
On the Map
$48,000,000
$295/SF
Retail
View full map
Players
Delray Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Keith to view all their deals.
Browse Florida retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93