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

Property Image
SOLD
$6,428,700
Kevin McCarthy
Matthew (Matt) McCormack
+ 1

Florida

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Office18,796 SF
Sold 05/13/2025
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Property Image
SOLD

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

55 Northeast 5th Avenue

See Similar Deals
Office18,796 SF
Sold 05/13/2025
Kevin McCarthy
Matthew (Matt) McCormack
+ 1
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$342
Total Square Footage:18,796 SF
Transaction Type:Sale

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 (Matt) McCormack
31 deals$2.8B volume
BROKER

Kevin Probel
JLL
12 deals$90.2M volume
BROKER

Kevin McCarthy
JLL
15 deals$122.2M volume
BROKER

Max Lescano
JLL
10 deals$982.9M volume(954) 812-6234
BROKER

Details

SOLD
IMAGE: Kevin Probel, Kevin McCarthy, Matthew McCormack & Max Lescano DATE: 5/13/2025 ADDRESS: 55 Northeast 5th Avenue MARKET: Delray Beach ASSET TYPE: Office BUYER: GoldOller SELLER: The Agora Companies BROKERS: Matthew McCormack (@InstantMack), Max Lescano, Kevin Probel & Kevin McCarthy - JLL (@JLL) SALE PRICE: $6,428,700 SF: 18,796 ~ PPSF: $342

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$342,864.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,839.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,475.32
Annual Debt Service$365,703.81