Listed by Douglas Elliman Real Estate Palm Beach
$2,400,000
Aria Delray Beach
Details
Property Type Mixed Use
Sub Type medical, office
Square Footage 3,000
Net Rentable (SqFt) 3,000
Units 1
Cap Rate 7.22%
NOI $173,400
Occupancy 100%
Tenancy Single
Lease Expiration 06/01/2035
Remaining Term 8.9
Rent Bumps Yes
Lease Options 2
Price per SqFt $800
Broker Co-Op Yes
Class A
Year Built 2024
Stories 1
Zoning Residential Commercial
Parking Spaces 6 spaces
Parking per 1,000 SqFt 2.00
Investment Type Net Lease
Tenant Credit Franchisee
Occupancy Date 06/01/2024
Sale Condition 1031 exchange
Mixed Use | 7.22% CAP | 3,000 SqFt
Marketing description
Cash Flowing Investment Property in Delray $2,400,000.00
Ground Floor New Construction Mixed Use Address.
Upper floors are privately owned luxury condominiums. The address is located in one of the most dynamic and high-growth real estate markets in the country. This premier development is within walking distance of the vibrant Atlantic Avenue, renowned beaches, top-rated restaurants, boutique shopping.
Investment highlights
7.2 CAP NNN Single Tenant in place with ten year lease. New Construction.
Delray Beach, Florida
Listing Contacts
Listed by Douglas Elliman Real Estate Palm Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$173,400.00
$14,450.00/mo
Valuation Metrics
0
DSCR
7.23%
Cap Rate
7.23%
ROI
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