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6646 West Atlantic Avenue

Ben Reinberg Of Alliance CGC Acquires Office In Delray Beach For $9.67M
SOLDOffice

Ben Reinberg Of Alliance CGC Acquires Office In Delray Beach For $9.67M

6646 West Atlantic Avenue

$9,674,000

$577/SF

Building Size

16,761 SF

Asset Type

Office

Closing

Apr 4, 2025

AI

The property involved in this transaction is an office asset located at 6646 West Atlantic Avenue in Delray Beach. The sale price was $9,674,000, representing a price per square foot of $577. The total square footage of the property is 16,761.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: $9,674,000
  • Address: 6646 West Atlantic Avenue
  • Market: Delray Beach
  • Square Footage: 16,761
  • Price per Square Foot: $577
  • Buyer: Ben Reinberg - Alliance CGC
  • Seller's Representatives: Bastian Schauer, Mark M. Rubin & Gary Gottlieb - Colliers

This transaction was facilitated by Ben Reinberg representing Alliance CGC as the buyer. The seller was represented by a team from Colliers, including Bastian Schauer, Mark M. Rubin, and Gary Gottlieb, who handled the details of the sale.

Players

Gary Gottlieb

Colliers

Broker

$51.5M

vol

4 deals

Broker
Ben Reinberg

Ben Reinberg

Buyer

$30.2M

vol

4 deals

Buyer

Delray Beach Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.64%

Cash-on-Cash

-0.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93