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Rick Baer Of American Commercial Realty Corp Acquires Mixed-use Property In Delray Beach For $18.3M

Property Image
SOLD
$18,300,000

Florida

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Mixed-use155,704 SF
Sold 09/29/2025
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Property Image
SOLD

Rick Baer Of American Commercial Realty Corp Acquires Mixed-use Property In Delray Beach For $18.3M

6580 West Atlantic Avenue & 15067 Jog Road

See Similar Deals
Mixed-use155,704 SF
Sold 09/29/2025
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$117
Total Square Footage:155,704 SF
Transaction Type:Sale

The asset involved in the transaction is a mixed-use property located at 6580 West Atlantic Avenue & 15067-15127 South Jog Road in Delray Beach. The property encompasses a total square footage of 77,852 and was sold for $18,300,000, which amounts to $235 per square foot.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $18,300,000
  • Address: 6580 West Atlantic Avenue & 15067-15127 South Jog Road
  • Market: Delray Beach
  • Square Footage: 77,852
  • Price per Square Foot: $235
  • Buyer: Rick Baer - American Commercial Realty Corp.
  • Seller: Michael Goldberg & Vivian Zepka
  • Broker: Colliers

Rick Baer represented American Commercial Realty Corp. in the acquisition of the property. The sellers, managed by Michael Goldberg and Vivian Zepka, were assisted by Colliers in the transaction.

Players

Colliers
Colliers
BROKERAGE
RB
Rick Baer
6 deals$175M volume
BUYER

Details

SOLD
IMAGE: Rick Baer DATE: 09/29/2025 ADDRESS: 6580 West Atlantic Avenue & 15067-15127 South Jog Road MARKET: Delray Beach ASSET TYPE: Mixed-use BUYER: Rick Baer - American Commercial Realty Corp. SELLER: Michael Goldberg & Vivian Zepka BROKER: Colliers (@ColliersInternational) SALE PRICE: $18,300,000 SF: 77,852 ~ PPSF: $235 NOTE: American Commercial Realty Corp. bought the 77,852-square-foot King’s Point Shopping Center in Delray Beach for $18.3M ($235/sf). The sellers, managed by Michael Goldberg and Vivian Zepka, were represented by Colliers in the deal.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$976,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$65,016.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$86,751.34
Annual Debt Service$1,041,016.03