John A. Staluppi Jr & Christina M. Ribaudo Acquire Retail Property In Delray Beach, FL For $3.75M
SOLD
Florida
See Similar DealsRetail19,029 SF
Sold 01/24/2022
SOLD
John A. Staluppi Jr & Christina M. Ribaudo Acquire Retail Property In Delray Beach, FL For $3.75M
655 Northeast 6th Avenue, Delray Beach, Florida 33483, United States
See Similar DealsRetail19,029 SF
Sold 01/24/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$197
Total Square Footage:19,029 SF
Transaction Type:Sale
The retail property located at 655 NE 6th Ave in Delray Beach, FL was recently sold in a closed transaction. The property has a total square footage of 19,029 and was sold at a price of $3,750,000. This translates to a price per square foot of $197.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,750,000
- Address: 655 NE 6th Ave, Delray Beach, FL
- Market: Delray Beach, FL
- Buyer: John A. Staluppi Jr & Christina M. Ribaudo
- Seller: James G. O'Neill
- Square Footage: 19,029
- Price per Square Foot: $197
The buyer of the property is represented by John A. Staluppi Jr & Christina M. Ribaudo, while the seller is James G. O'Neill.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$199,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,322.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,776.91
Annual Debt Service$213,322.96
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