The recently closed transaction in Delray Beach involved the sale of an office property located at 551 SE 8th St. The property, spanning 45,000 square feet, was sold for a price of $25,000,000, resulting in a price per square foot of $556. The transaction took place on June 24, 2022, with the buyer being CDS International Holdings, represented by Bill Milmoe. On the seller's side, Spirit Realty facilitated the deal.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $25,000,000
• Address: 551 SE 8th St
• Market: Delray Beach

In this transaction, Colliers International brokers Bastian Laggerbauer and Mark M. Rubin, along with Avison Young's Keith O'Donnell, represented the parties involved. They played a significant role in facilitating the deal between the buyer, CDS International Holdings, and the seller, Spirit Realty. The involvement of these experienced professionals ensured a smooth and successful transaction.