Cushman & Wakefield Arranges Sale Of Mixed-Use Property In Delray Beach

Cushman & Wakefield has arranged the $3,875,000 sale of a 12,940-square-foot mixed-use property at 258 SE 6^th Ave. in Delray Beach.

Mike Ciadella, Scott O’Donnell, and Dominic Montazemi of Cushman & Wakefield represented the seller in the transaction. The property was sold by Delray SE 6th Development Partners, LLC and acquired by CDS International Holdings, Inc.

“The buyer appreciated that the property offered immediate upside via below market in-place rents and long-term upside as a potential redevelopment in the future,” said Ciadella, Director at Cushman & Wakefield.  

The 258 SE 6^th Ave. mixed-use property sits on .58 acres and includes a two-story building with retail and office space just two blocks south of the world-famous Atlantic Avenue. Fully occupied by a mix of retail, medical, and office tenants, the building offers visibility to 14,000 vehicles per day along South Federal Highway and approved zoning for potential redevelopment of the property for residential or hotel use.