Cushman & Wakefield has arranged the $3.875 million sale of a 12,940-square-foot mixed-use property at 258 SE 6th Ave. in Delray Beach, FL. Mike Ciadella, Scott O’Donnell and Dominic Montazemi represented seller Delray SE 6th Development Partners LLC in the transaction to CDS International Holdings Inc.
Ciadella noted that “the buyer appreciated that the property offered immediate upside via below market in-place rents and long term upside as a potential redevelopment for residential or hotel use.” Located on .58 acres two blocks south of world famous Atlantic Avenue with visibility to 14,000 vehicles per day along South Federal Highway, this two story building is fully occupied by retail medical and office tenants offering great investment opportunities for future growth potentials.
