Orion Real Estate Group Purchases Retail Space From Steven Kamelhair For $4.7M In Delray Beach
1840 Federal Highway
$4,700,000
$551/SF
Building Size
8,521 SF
Asset Type
Retail
Closing
Apr 15, 2025
About this deal
AI
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.
On the Map
$4,700,000
$551/SF
Retail
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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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93