David Ezagui Acquires Delray Beach Office Building For $10.3M
3185 Congress Avenue, Delray Beach, Florida 33445, United States
$10,275,000
$466/SF
Building Size
22,036 SF
Asset Type
Office
Closing
Jun 22, 2022
AI
The office property located at 3185 S Congress Ave in Delray Beach has been sold for a total price of $10,275,000. The transaction took place on June 23, 2022 and the property spans across 22,036 square feet. This translates to a price per square foot of $466.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $10,275,000
- Address: 3185 S Congress Ave, Delray Beach
- Market: Delray Beach
The buyer of the property is David Ezagui, and the seller is Mike Kaufman. The sale was facilitated by brokers Tyler S. Kuhlman, Douglas K. Mandel, Marc E. Strauss, and Zach Levine from Marcus & Millichap.
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