151 NE 5th Avenue

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151 NE 5th Avenue

Address

151 NE 5th Avenue
Delray Beach, FL 33483
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Property Type: Office
Base Rent: $45/PSF NNN
Listing Status: Active

Contact Info

Gary Broidis
Direct: 561-447-8610 Ext. 112
Cell: 561-703-9298
gary@atlanticcg.com

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Property Description

The 151 Building is located one block north of Atlantic Avenue and directly fronting NE 5th Avenue (a.k.a. Federal Highway). These suites contain Class A improvements including flooring, lighting and other improvements

Location Description

On the east side of NE 5th Avenue (aka Federal Highway) and one (1) block north of Atlantic Avenue, this property is extremely well located with great visibility to the busy Federal Highway.  Atlantic Avenue has continually been named one of the best downtowns in America and continues to attract many national and regional retailers and restaurants.  

Additional Information Site Highlights Units Available
County: Palm Beach
Building Size: 65,642 SF
Operating Expenses: $15.00 /PSF
Min. Divisible Space: 1,242 SF
Max. Contiguous Space: 1,977 SF
Total SF Available: 9,164 SF
Year Built: 2009
Lot Size: 1.23 Acres
  • Class A Finishes
  • Base Rent $45 PSF NNN + $15 PSF in OP Expenses
  • Walking distance to Downtown Delray Beach
  • Property manager on site

Recent News

Global brands shut Middle East stores as conflict causes chaos

Major retail brands have closed stores across Middle Eastern shopping hubs including Dubai as escalating regional conflict disrupts business operations and travel, with many locations operating with skeleton staff or shuttered entirely.  Chalhoub Group, operating 900 stores for brands including Versace, Jimmy Choo, and Sephora, closed all Bahrain locations while making staff attendance voluntary in UAE, Saudi Arabia, and Jordan markets. Luxury conglomerate Kering temporarily closed stores in UAE, Kuwait, Bahrain, and Qatar, while Amazon shuttered Abu Dhabi fulfillment operations and suspended regional deliveries. Apple's Dubai stores remained closed, H&M shut Bahrain and Israel locations, and consumer goods group Reckitt closed its Bahrain manufacturing site while instructing all Middle East employees to work from home. Luxury stocks LVMH, Hermès, and Richemont declined 4% to 6.5% as investors assessed the impact on a region that represented luxury's strongest growth market in recent years, accounting for 5% to 10% of global luxury spending. 

Senate Advances Sweeping Housing Bill, Includes Ban On Institutional Buyers Of Single-Family Homes

The Senate advanced the 21st Century ROAD to Housing Act with an 84-6 bipartisan vote, combining affordability and housing production measures with a Trump administration proposal to ban institutional investment in single-family homes. The bill defines institutional investors as companies owning 350 or more homes and includes exemptions for homes built to rent, with the White House indicating President Trump would sign it if passed as written.  Key provisions include simplifying National Environmental Protection Act review processes to reduce construction delays, increasing Federal Housing Administration multifamily loan limits, changing manufactured housing definitions to spur construction, and supporting housing development in opportunity zones and Community Development Block Grant jurisdictions. The legislation, authored by Senators Tim Scott and Elizabeth Warren, still requires a final Senate vote and must be reconciled with the House bill before reaching the president's desk. 

Supreme Court rules against Trump tariffs

The U.S. Supreme Court ruled 6-3 that President Trump's tariffs imposed under the International Emergency Economic Powers Act (IEEPA) are unconstitutional, with Chief Justice John Roberts writing that Trump lacked peacetime authority to use IEEPA to impose tariffs. The decision strikes down tariffs that initially imposed at least 10% on goods from most countries, with rates reaching up to 145% on Chinese imports and 25-35% on Canadian and Mexican goods, and could require the government to refund over $130 billion collected through these tariffs. Before Trump, no president had ever used IEEPA to impose tariffs, and the ruling invalidates many but not all of Trump's tariff programs, as it doesn't affect tariffs imposed under other legal authorities. The administration has indicated plans to reimpose tariffs using alternative statutes including Section 122 of the Trade Act of 1974, Section 232 of the Trade Expansion Act of 1962, and Section 301 of the 1974 Trade Act, though these come with more procedural requirements and time limitations.