facebook
Traded Co logo
Submit

David Ezagui Acquires Delray Beach Office Building For $10.3M

Property Image
SOLD
$10,275,000
Marc E. Strauss
Zach Levine
Tyler Kuhlman
+ 2

Florida

See Similar Deals
Office22,036 SF
Sold 06/23/2022
the dealplayerscompscontact
Property Image
SOLD

David Ezagui Acquires Delray Beach Office Building For $10.3M

3185 Congress Avenue, Delray Beach, Florida 33445, United States

See Similar Deals
Office22,036 SF
Sold 06/23/2022
Marc E. Strauss
Zach Levine
Tyler Kuhlman
+ 2
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$466
Total Square Footage:22,036 SF
Transaction Type:Sale

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

Douglas K. Mandel
Marcus & Millichap
Douglas K. Mandel
72 deals$1.1B volume(954) 245-3465
BROKER
Tyler Kuhlman
CBRE
Tyler Kuhlman
113 deals$1.6B volume(561) 685-0140
BROKER
Tyler Kuhlman
CBRE
Tyler Kuhlman
113 deals$1.6B volume(561) 685-0140
BROKER
Zach Levine
Marcus & Millichap
Zach Levine
41 deals$620.1M volume(954) 296-6253
BROKER
Marc E. Strauss
Marcus & Millichap
Marc E. Strauss
1 deal$10.3M volume
BROKER
DE
David Ezagui
2 deals$24.7M volume
BUYER

Details

SOLD
IMAGE: Tyler S. Kuhlman & Douglas K. Mandel DATE: 06/23/2022 ADDRESS: 3185 S Congress Ave MARKET: Delray Beach ASSET TYPE: Office BUYER: David Ezagui SELLER: Mike Kaufman BROKERS: Tyler S. Kuhlman (@TylerKuhlman_), Douglas K. Mandel (@DougMandel), Marc E. Strauss & Zach Levine - Marcus & Millichap (@MarcusMillichap_Fl) SALE PRICE: $10,275,000 SF: 22,036 ~ PPSF: $466

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$547,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$36,504.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,708.74
Annual Debt Service$584,504.90