Gerald Crum Purchases Historic Industrial Building In Delray Beach For $5.5 Million

The property involved in this transaction is an industrial asset located at 190 Southeast 2nd Avenue in the Delray Beach market. The sale was completed for a price of $5,500,000, with the property spanning 13,240 square feet, resulting in a price per square foot of $415.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,500,000
• Sale Date: 07/16/2026
• Buyer: Gerald Crum
• Seller: James & Heather Batson
• Seller's Representative: Tyler Kuhlman, C'jon Armstead & Luke Hansen - CBRE

This transaction marks the first sale of the historic industrial building, which had been held by the same family for eighty years since it was built for their own business. The rare availability of assets with such a history highlights the increasing scarcity of well-located industrial properties in Delray's core.