Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, is pleased to offer for sale The Dalley Building, a 2501-square foot professional office building located in Delray Beach. The price is $1.8 million.
“The building has been used as a professional office for the past 6 years, but could also be easily converted into retail as well as expanded vertically. The building is in the path of progress just three buildings south of Atlantic Avenue, directly adjacent to a public parking lot and across the road from a $200 million mixed use development called Atlantic Crossing. This will be highly sought offer and a rare opportunity in the market place,” states Howard Bregman, first vice president investments, in Marcus & Millichap’s Fort Lauderdale office.
Bregman is representing the seller, a private investor.
“The building will be sold as vacant and we expect it to set the high-water market on a cost per square foot for a building not located on Atlantic Avenue,” continues Bregman.
Built in 1971and completely renovated in 2012 including impact windows, The Dalley Building is currently set up as a professional office with a reception area, boardroom, six private offices, three bathrooms, kitchen area, huge saltwater fish tank, business center, impact windows and six private parking spaces in the rear of the building. The building will be made vacant upon the sale and is ideal for a professional office or it could easily be converted into retail space.
About Marcus & Millichap (NYSE: MMI)
With over 1,600 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 8,700 transactions in 2015 with a value of approximately $37.8 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com