GoldOller Acquires Office Asset In Delray Beach From The Agora Companies For $6.43M
55 Northeast 5th Avenue
$6,428,700
$342/SF
Building Size
18,796 SF
Asset Type
Office
Closing
May 12, 2025
AI
The property asset involved in this transaction is an office located at 55 Northeast 5th Avenue, Delray Beach, which encompasses a total square footage of 18,796. The property was sold for a transaction price of $6,428,700, resulting in a price per square foot of $342.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,428,700
- Address: 55 Northeast 5th Avenue
- Market: Delray Beach
- Square Footage: 18,796
- Price Per Square Foot: $342
- Buyer: GoldOller
- Seller: The Agora Companies
- Brokers: Matthew McCormack, Max Lescano, Kevin Probel, and Kevin McCarthy - JLL
The key individuals involved in this transaction include the buyer, GoldOller, and the seller, The Agora Companies. The brokerage team representing this deal is comprised of Matthew McCormack, Max Lescano, Kevin Probel, and Kevin McCarthy, all affiliated with JLL, who played a significant role in facilitating the transaction.
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
2.47%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93