Marcus & Millichap Sells Medical Office In Delray Beach For $5.38M
4800 Linton Boulevard, Delray Beach, Florida 33445, United States
$5,375,000
$613/SF
Building Size
8,757 SF
Asset Type
—
Closing
May 7, 2022
About this deal
AI
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.
Players
Delray Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.95%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93