Brian O'Neill Buys Retail Property From Jon Vogel In Delray Beach For $3.65M
SOLD
$3,650,000
Florida
See Similar DealsRetail2,750 SF
Sold 03/11/2024
SOLD
Brian O'Neill Buys Retail Property From Jon Vogel In Delray Beach For $3.65M
1660 South Congress Avenue
See Similar DealsRetail2,750 SF
Sold 03/11/2024
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,327
Total Square Footage:2,750 SF
Transaction Type:Sale
The retail property located at 1660 South Congress Avenue in Delray Beach was sold for $3,650,000. The property spans 2,750 square feet, resulting in a price per square foot of $1,327. The transaction took place on 03/11/2024, with the seller being Jon Vogel of Sun Gas Properties Boca Raton.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,650,000
- Buyer: Brian O'Neill
- Seller's Representative: Daniel Solomon & Robert Nuchereno - Katz & Associates; Edward Cairo - Laguna Realty Partners
The deal involved notable figures such as buyer Brian O'Neill and seller Jon Vogel. The seller's representatives were Daniel Solomon and Robert Nuchereno from Katz & Associates, along with Edward Cairo from Laguna Realty Partners. The transaction showcased a successful acquisition in the Delray Beach market, emphasizing the active commercial real estate landscape in the area.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$194,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,967.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,302.86
Annual Debt Service$207,634.35
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