The Brauser Family Acquires Retail Properties At 5070 And 5080 West Atlantic Avenue For $3.89M

The retail properties located at 5070 West Atlantic Avenue and 5080 West Atlantic Avenue in Delray Beach, FL were sold for a total amount of $3,886,000. The total square footage of the assets is 5,474. The property at 5070 W Atlantic Avenue is occupied by a Taco Bell, while the 5080 W Atlantic Avenue property is home to a Burger King. The Taco Bell traded at a 4.5% cap rate, and the Burger King traded at a 4.25% cap rate.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,886,000
• Address: 5070 West Atlantic Avenue & 5080 West Atlantic Avenue
• Market: Delray Beach, FL
• Total Square Feet: 5,474
• Buyer: The Brauser Family
• Brokers: Stephen R. Preuss Sr., Kevin Schmitz, Kevin Louie, Andreas Efthymiou - Ripco & Robert Sharfstein - RPS Capital Management

The transaction involved multiple brokers who facilitated the sale, with Stephen R. Preuss Sr., Kevin Schmitz, Kevin Louie, and Andreas Efthymiou representing Ripco and Robert Sharfstein representing RPS Capital Management. Their involvement highlights the collaborative nature of the deal in the retail real estate market.