Randal Perkins Acquires Single Family Property On South Ocean Blvd For $21.1M
SOLD
$21,100,000
Florida
See Similar DealsSingle Family Residence13,712 SF
Sold 05/14/2021
SOLD
Randal Perkins Acquires Single Family Property On South Ocean Blvd For $21.1M
1111 South Ocean Boulevard, Delray Beach, FL, USA
See Similar DealsSingle Family Residence13,712 SF
Sold 05/14/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,538
Total Square Footage:13,712 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,125,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$74,963.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$100,024.76
Annual Debt Service$1,200,297.18
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