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
About this deal
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.
On the Map
$28,800,000
$334/SF
Retail
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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