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55 Northeast 5th Avenue

GoldOller Acquires Office Asset In Delray Beach From The Agora Companies For $6.43M
SOLDOffice

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:

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

Matthew McCormack

JLL

Broker

$2.8B

vol

31 deals

Broker

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