O’Connor Capital Partners has picked up a Delray Beach shopping center for $28.8 million. Berta Management was the seller of the 86,000-square-foot center, which is anchored by CVS.
Douglas Mandel and Zach Levine of Marcus & Millichap represented Berta Management and procured O’Connor Capital Partners.
Mandel added, “Over 96% occupied by a diverse mix of tenants on triple-net leases with weighted average lease terms of over eight years, Delray Corner provides the buyer with immediate stable cash flow in a submarket with limited vacancy.”…