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14802 Military Trail

O'Connor Capital Partners Acquires Retail Property From Michael Kanoff In Delray Beach For $28.8M
SOLDRetail

O'Connor Capital Partners Acquires Retail Property From Michael Kanoff In Delray Beach For $28.8M

14802 Military Trail

$28,800,000

$334/SF

Building Size

86,118 SF

Asset Type

Retail

Closing

Jul 10, 2025

AI

The property asset involved in the transaction is a retail space located at 14802-14860 South Military Trail in Delray Beach. The sale price for the property was $28,800,000. The total square footage of the asset is 86,118, which amounts to a price per square foot of $334.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $28,800,000
  • Address: 14802-14860 South Military Trail
  • Market: Delray Beach
  • Square Footage: 86,118
  • Price Per Square Foot: $334
  • Buyer: O'Connor Capital Partners
  • Seller: Michael Kanoff
  • Brokers: Doug Mandel & Zach Levine - Marcus & Millichap

Doug Mandel and Zach Levine represented the buyer, O'Connor Capital Partners, in this transaction. The seller, Michael Kanoff, was involved in the sale of this retail asset in the Delray Beach market, facilitated by the broker team from Marcus & Millichap.

Players

Douglas K. Mandel

Marcus & Millichap

Broker

$1.1B

vol

72 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Michael Kanoff

Seller

$63.3M

vol

4 deals

Seller

Delray Beach Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.55%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93