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
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