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Rick Baer Of ACR KP Delray Purchases Retail Property In Delray Beach For $18.3M

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SOLD
$18,300,000
Bastian Schauer
+ 1

Florida

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Retail77,852 SF
Sold
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Property Image
SOLD

Rick Baer Of ACR KP Delray Purchases Retail Property In Delray Beach For $18.3M

6600 West Atlantic Avenue

See Similar Deals
Retail77,852 SF
Sold
Bastian Schauer
+ 1
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$235
Total Square Footage:77852 SF
Transaction Type:Sale

The property involved in this transaction is a retail asset located at 6600 West Atlantic Avenue in the Delray Beach market. The transaction was completed for a sale price of $18,300,000, and the asset encompasses a total square footage of 77,852. The price per square foot amounts to $235.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $18,300,000
  • Address: 6600 West Atlantic Avenue
  • Market: Delray Beach
  • Square Footage: 77,852
  • Price per Square Foot: $235
  • Buyer: Rick Baer - ACR KP Delray
  • Seller: Russell Bornstein - Partners of Kings Point
  • Seller's Representative: Mark M. Rubin, Bastian Schauer & Russell Bornstein - Colliers

This transaction involved key individuals including Rick Baer representing the buyer and Russell Bornstein representing the seller. The seller was represented by a brokerage team consisting of Mark M. Rubin, Bastian Schauer, and Russell Bornstein, all associated with Colliers. This collaboration highlights the professional efforts involved in facilitating the transaction.

Players

Mark M. Rubin
36 deals$885.3M volume(561) 302-2511
BROKER

Bastian Schauer
Colliers
40 deals$2.9B volume(561) 281-6656
BROKER

Russell Bornstein
Colliers
1 deal$18.3M volume(561) 353-3642
BROKER


Russell Bornstein
1 deal$18.3M volume
SELLER

Details

SOLD
IMAGE: Mark M. Rubin, Bastian Schauer & Russell Bornstein DATE: 09/22/2025 ADDRESS: 6600 West Atlantic Avenue MARKET: Delray Beach ASSET TYPE: Retail BUYER: Rick Baer - ACR KP Delray SELLER: Russell Bornstein - Partners of Kings Point SELLER'S REP: Mark M. Rubin (@Sofloinvestmentsales), Bastian Schauer (@Bastian1992) & Russell Bornstein - Colliers (@ColliersInternational) SALE PRICE: $18,300,000 SF: 77,852 ~ PPSF: $235

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

$976,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$65,016.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$86,751.34
Annual Debt Service$1,041,016.03