Eduard Shnayder Of NetCost Market Purchases Retail Asset In Delray Beach For $16.25M

The property asset involved in this transaction is a retail space located at 5850 West Atlantic Avenue in Delray Beach. The property spans 7.3 acres with a total square footage of 63,176. The sale price of the asset was $16,250,000, which translates to a price per square foot of $257.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $16,250,000
• Sale Price per Square Foot: $257
• Buyer: Eduard Shnayder - NetCost Market
• Seller: Harry Zuker - ComNet Realty
• Lender: Southstate Bank
• Market: Delray Beach

Eduard Shnayder, the owner of NetCost Market, was the buyer in this transaction, while Harry Zuker represented the seller, ComNet Realty. Additionally, the transaction was aided by a mortgage of $7.71 million provided by Southstate Bank. The deal also included the purchase of an adjacent one-acre outparcel for $800,000.