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

Property Image
SOLD
$9,674,000
Mark M. Rubin
Gary Gottlieb
Bastian Schauer
+ 1

Florida

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Office16,761 SF
Sold
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Property Image
SOLD

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

6646 West Atlantic Avenue

See Similar Deals
Office16,761 SF
Sold
Mark M. Rubin
Gary Gottlieb
Bastian Schauer
+ 1
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$577
Total Square Footage:16761 SF
Transaction Type:Sale

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
Gary Gottlieb
4 deals$51.5M volume(561) 889-5707
BROKER
Mark M. Rubin
Colliers
Mark M. Rubin
36 deals$885.3M volume(561) 302-2511
BROKER
Bastian Schauer
Colliers
Bastian Schauer
40 deals$2.9B volume(561) 281-6656
BROKER
Ben Reinberg
Ben Reinberg
4 deals$30.2M volume
BUYER

Details

SOLD
IMAGE: Gary Gottlieb, Ben Reinberg, Bastian Schauer & Mark M. Rubin DATE: 04/04/2025 ADDRESS: 6646 West Atlantic Avenue MARKET: Delray Beach ASSET TYPE: Office BUYER: Ben Reinberg - Alliance CGC SELLER'S REP: Bastian Schauer (@Bastian1992), Mark M. Rubin (@Sofloinvestmentsales) & Gary Gottlieb - Colliers (@ColliersInternational) SALE PRICE: $9,674,000 SF: 16,761 ~ PPSF: $577

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$515,946.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,369.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,859.70
Annual Debt Service$550,316.35