Marcus & Millichap Sells Medical Office In Delray Beach For $5.38M
SOLD
$5,375,000
+ 2
Florida
See Similar Deals8,757 SF
Sold 05/08/2022
SOLD
Marcus & Millichap Sells Medical Office In Delray Beach For $5.38M
4800 Linton Boulevard, Delray Beach, Florida 33445, United States
See Similar Deals8,757 SF
Sold 05/08/2022
+ 2
Summary
FLORIDA
Price Per Square Foot:$613
Total Square Footage:8,757 SF
Transaction Type:Sale
An 8,757 square foot medical office located at 4800 Linton Boulevard in Delray Beach has been sold for $5,375,000. The property was listed by Kevin O'Hanlon, Ronnie Issenberg, Gabriel Britti, David Gant, and Lori Schneider of Marcus & Millichap. The sale price translates to a price per square foot of $614.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $5,375,000
- Address: 4800 Linton Boulevard
- Market: Delray Beach
The brokers involved in the transaction were Kevin O'Hanlon, Ronnie Issenberg, Gabriel Britti, David Gant, and Lori Schneider of Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$286,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,096.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,480.24
Annual Debt Service$305,762.91
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