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
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