IPA Closes Palm Beach County Office Building Sale
The building sold for $15.3 million.
The building sold for $15.3 million.
The asset traded for $21.5 million.
IPA’s Kirk Olson and Drew A. Kristol represented the seller and procured the buyer.
The two-building, 74,103-square-foot industrial asset sold for $12.4 million.
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.
Douglas Mandel, along with Tyler S. Kuhlman and Zachary Levine of Marcus & Millichap, represented the seller in the transaction.
Kirk Olson and Drew A. Kristol represented the seller, an institutional investor with several offices throughout the country and procured the buyer, Benderson Development.
Marcus & Millichap’s Kirk D. Olson and Drew A. Kristol represented the seller, a Miami-based private investor. The buyer, also a Miami-based private investor, was procured by Gordon Messinger, with Cushman & Wakefield. CLICK ON THE HEADLINE FOR MORE
The $77 million sales price equates to nearly $214,000 per unit. CLICK ON THE HEADLINE FOR MORE
Mandel has been with Marcus & Millichap since 2004 and is a senior director of Marcus & Millichap’s National Office and Industrial Properties Group. CLICK ON THE HEADLINE FOR MORE
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