Orion Real Estate Group Purchases Retail Space From Steven Kamelhair For $4.7M In Delray Beach
SOLD
$4,700,000
Florida
See Similar DealsRetail8,521 SF
Sold 04/15/2025
SOLD
Orion Real Estate Group Purchases Retail Space From Steven Kamelhair For $4.7M In Delray Beach
1840 Federal Highway
See Similar DealsRetail8,521 SF
Sold 04/15/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$551
Total Square Footage:8,521 SF
Transaction Type:Sale
The retail asset located at 1840 Federal Highway in Delray Beach has a sale price of $4,700,000. This property encompasses a total square footage of 8,521, resulting in a price per square foot of $551.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,700,000
- Address: 1840 Federal Highway
- Market: Delray Beach
- Buyer: Orion Real Estate Group
- Seller: Steven Kamelhair
- Brokers: Charles Moody & Jarett Zackman - Horvath & Tremblay
The transaction involved Orion Real Estate Group acquiring the property from seller Steven Kamelhair. The brokers facilitating this sale were Charles Moody and Jarett Zackman, representing the transaction on behalf of Horvath & Tremblay.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$250,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,698.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,280.40
Annual Debt Service$267,364.77
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