Lee & Associates South Florida Represents Buyer in $3.65 Million Downtown Delray Beach Acquisition
Lee & Associates Principal, Stephen DeMeo, closes 6,309 SF Delray Beach warehouse for $3.65M just two blocks from Atlantic Ave
DELRAY BEACH, FL (August 25, 2026) – Lee & Associates South Florida Principal, Stephen DeMeo represented the buyer, One Off Real Estate, LLC, in the $3.65 million acquisition of a 6,309-square-foot warehouse at 390 SE 2nd Ave. in Downtown Delray Beach.
The transaction closed August 7, 2026, at approximately $578 per square foot. RandMac Property LLC, led by Mary and Richard Cohen, was the seller.
Located in Downtown Delray Beach’s central business district just two blocks from Atlantic Avenue, the property offers an increasingly rare opportunity to own a freestanding commercial building in the heart of one of South Florida’s most active downtown districts. Built in 1956, the property is positioned near the restaurants, retail, entertainment and other amenities that have made Atlantic Avenue and Downtown Delray Beach a major destination in Palm Beach County.
“Our client has a very specific vision for the properties they acquire, so understanding both their objectives and the type of real estate that complements their interests was an important part of identifying this opportunity,” DeMeo said. “A 6,300-square-foot building this close to Atlantic Avenue is difficult to replicate. We’re pleased to have helped them secure another distinctive asset in South Florida.”
Conceptual imagery for the property depicts a dramatic modernization of the existing building, including a dark contemporary exterior, upgraded architectural lighting and prominent ONE/OFF branding. The proposed transformation would give the decades-old warehouse a markedly different identity while capitalizing on its urban Downtown Delray Beach location.
The transaction highlights continued demand for unique owner-user and investment opportunities in Delray Beach, particularly properties combining flexible commercial space with proximity to Atlantic Avenue.
“Downtown Delray Beach has evolved tremendously, and properties with this combination of location, character and flexibility don’t trade frequently,” DeMeo added. “Our existing relationship with the buyer allowed us to approach the assignment with a clear understanding of his goals and help execute on an opportunity that was particularly well suited to him.”
About Lee & Associates | South Florida
Lee & Associates | South Florida is a fully vertical commercial real estate brokerage firm focused on industrial, office, retail, multifamily, investment and land sectors. Our dedicated team of professionals is led by Matthew Rotolante, CCIM, SIOR a 4th generation South Florida native in a family that has owned and operated commercial property here since 1928. Lee & Associates is the largest agent owned brokerage in the nation with Senior Agent’s ability to earn profit share resulting in the highest splits while still receiving full resources, support and leads from our national network. Our collaborative and cheerful culture allows for open communications throughout the company, fostering the sharing of information and best practices to better enable client decision making. The Lee & Associates’ robust national network that sold and leased over $128 Billion over the last 5 years offers clients a cross-market platform of expertise and deal opportunities across all asset specialties and representation roles. For the latest news from Lee & Associates South Florida, visit leesouthflorida.com or follow us on Facebook, LinkedIn, Twitter and Instagram, our company local news.
Lee & Associates is a commercial real estate brokerage sales, leasing and management firm. Established in 1979, Lee & Associates has grown its service platform to include over 75 offices in the United States and Canada. Lee & Associates is the largest agent owned commercial real estate brokerage where agents get the greatest return for their efforts and hence are more committed and better enabled to provide superior results for their customers. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog.
