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| Love Family Building, 310 E. Atlantic Avenue, Delray Beach, FL |
DELRAY BEACH, FL – Marcus & Millichap (NYSE: MMI), a
leading commercial real estate investment services firm with offices throughout
the United States and Canada, announced it has been selected to exclusively
market for sale the Love Family Building, a 5,753 square-foot,
two-tenant retail asset in Delray Beach, Florida. The price is $8 million.
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| Howard Bregman |
“This is an extraordinary and rare opportunity for an investor to
acquire a prime retail asset in the heart of downtown Delray Beach, FL” says Howard
Bregman, first vice president investments in Marcus & Millichap’s
Fort Lauderdale office.
“Tenant demand and development continue to rise
in Delray Beach - especially with the revitalization and redevelopment of the Delray
Beach Art District, which has transformed the area into a major tourist
attraction.”
Bregman is representing the seller, a private owner, that has
owned the property for over 78 years.
The property is in the heart of downtown Delray Beach, FL. The
Love Family Building is located at 310 E. Atlantic Avenue on the South
side of Atlantic Avenue between Southeast 3rd Avenue and
Southeast 4th Avenue on the premier block in prime downtown
Delray Beach.
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| Delray Beach, FL Art District |
Constructed in 1940, the Love Family Building consists of two
retail units which are currently occupied by two tenants on a short-term lease
well below the current market rents.
Contacts:
Ryan Nee
Vice President / Regional Manager
Fort Lauderdale
(954) 245-3400
or
Stephanie Carten
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Marketing Coordinator
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