A mixed-use property located at 258 Southeast 6th Avenue in Delray Beach has been sold for $3,875,000. The property spans approximately 0.58 acres and offers immediate upside potential due to below-market rents and future redevelopment possibilities. With a total square footage of 12,940, the property was sold by Delray SE 6th Development Partners, LLC and purchased by CDS International Holdings, Inc., represented by Bill Milmoe.

Summary of Transaction Details

• Property Type: Mixed-use
• Transaction Amount: $3,875,000
• Address: 258 Southeast 6th Avenue, Delray Beach
• Market: Delray Beach
• Property Size: 0.58 acres
• Buyer: CDS International Holdings, Inc. - Bill Milmoe
• Seller: Delray SE 6th Development Partners, LLC - Steven Samuels
• Brokers: Mike Ciadella, Scott O’Donnell & Dominic Montazemi - Cushman & Wakefield
• Square Footage: 12,940 SF
• Price per Square Foot: $299

Cushman & Wakefield played a significant role in arranging the sale of this property. The brokers involved in the transaction were Mike Ciadella, Scott O’Donnell, and Dominic Montazemi. The sale presents a lucrative opportunity for the buyer, with the potential for future redevelopment and the benefit of below-market rents creating immediate upside.