IPA Brokers Grocery-Anchored Shopping Center Sale In Palm Beach County
IPA’s Kirk Olson and Drew A. Kristol represented the seller and procured the buyer.
IPA’s Kirk Olson and Drew A. Kristol represented the seller and procured the buyer.
The brokers will split time between the firm’s Miami and Deerfield Beach offices.
A private investor purchased the Class B property for more than $230 per square foot.
M&M’s Michael Alaoui had the exclusive listing to market the property on behalf of the seller and procured the buyer.
Zach Levine, Douglas Mandel and Josh Gilbert, investment specialists in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller and procured the buyer.
The fully occupied property features a 25,000-square-foot building on a 2.1-acre lot.
The portfolio consists of 16 apartment buildings.
He has also been consistently recognized by NAIOP South Florida, including Sale of the Year (2023), Private Office Sale of the Year (2021, 2022), Rookie of the Year award (2018), and Capital Markets Team of the Year (2017).
Scott Sandelin, an investment specialist in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a partnership between MMG Equity Partners, Mouhalis Capital Management, and GW Properties. Sandelin also procured the buyer.
The multifamily property is located to the east of Biscayne Boulevard, making it one of the few rental buildings located east of US-1. Additionally, Florida International University’s Biscayne Bay Campus is within walking distance, and the property is near several mixed-use developments in the area.
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