Gatsby Enterprises Acquires Delray Beach Retail & Office Property For $30M

The retail and office property located at 25 & 45 Northeast Second Avenue and 220 Northeast First Street in Delray Beach has been sold. The property spans across 2.5 acres in total. The transaction took place on August 11, 2022.

Summary of transaction details

• Property Type: Retail & Office
• Transaction Amount: $30,000,000
• Square Footage: 50,000
• Price Per Square Foot: $600
• Address: 25 & 45 Northeast Second Avenue, 220 Northeast First Street, Delray Beach
• Market: Delray Beach

Gatsby Enterprises, represented by Babak Ebrahimzadeh and Nader Shalom, purchased the property from Janet and Tim Onnen. The buying entity was assisted by brokers Laura Allen and Cecelia Boone from Southdale Properties.