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Institutional Property Advisors Facilitates Sale Of Class A Office Building In Boca Raton

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“The building was 84% leased at the time of sale, and with approximately 40% of the rentable square footage set to roll over in the next four years, new ownership has a compelling opportunity to drive significant net-operating income growth over the next decade,” said Douglas Mandel, IPA executive managing director investments.

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Institutional Property Advisors Brokers Two-Building Office Portfolio Sale

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Built in 1984 and 1985 on 5.5 acres, the Deerfield Financial Centre comprises 60 office suites ranging in size from 120 square feet to over 4,750 square feet.

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Institutional Property Advisors Brokers $23.75 Million Retail Portfolio Sale

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Marcus & Millichap’s Doug Mandel and Tyler Kuhlman had the exclusive listing to market the portfolio on behalf of the seller and procured the buyer, a Florida-based private investor.

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Marcus & Millichap Negotiates Sale Of Class A Office Building In Boca Raton

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Douglas Mandel, along with Tyler S. Kuhlman and Zachary Levine of Marcus & Millichap, represented the seller in the transaction.

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