Juliette Ezagui Acquires Delray Beach Office Building For $10.3M
3185 South Congress Avenue, Delray Beach, Florida 33445, United States
$10,300,000
$467/SF
Building Size
22,036 SF
Asset Type
Office
Closing
Jun 22, 2022
About this deal
AI
An office building located at 3185 S Congress Ave in Delray Beach, FL was recently sold in a closed transaction. The property spans a total area of 22,036 square feet and was sold for a price of $10,300,000, resulting in a price per square foot of $467.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $10,300,000
- Address: 3185 S Congress Ave, Delray Beach, FL
- Market: Delray Beach, FL
- Buyer: Juliette Ezagui
- Seller: Michael Kaufman
Juliette Ezagui acted as the buyer in this transaction, while Michael Kaufman served as the seller.
Players
Delray Beach Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93