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1111 South Ocean Boulevard,...

Randal Perkins Acquires Single Family Property On South Ocean Blvd For $21.1M
SOLDSingle Family Residence

Randal Perkins Acquires Single Family Property On South Ocean Blvd For $21.1M

1111 South Ocean Boulevard, Delray Beach, FL, USA

$21,100,000

$1,538/SF

Building Size

13,712 SF

Asset Type

Single Family Residence

Closing

May 13, 2021

AI

The single-family property located at 1111 South Ocean Boulevard in Delray Beach has been sold in a recent transaction. The property spans 13,712 square feet and was sold for a price of $21,100,000, resulting in a price per square foot of $1,539. The transaction took place on May 14, 2021.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $21,100,000
  • Address: 1111 South Ocean Boulevard, Delray Beach
  • Market: Delray Beach

The buyer of the property is Randal Perkins, representing AshBritt Environmental. The sellers are Michelle Marra and Thomas Marra, represented by Symetra Financial. Facilitating the deal was broker Nick Malinosky from Douglas Elliman.

Players

Nicholas Malinosky

Douglas Elliman

Broker

$526.4M

vol

21 deals

Broker

Randal Perkins

AshBritt Environmental

Buyer

$43M

vol

2 deals

Buyer

Delray Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.75%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93