Boynton Beach Redevelopment CRA Purchases Development Site In Boynton Beach For $7.25M

The property asset involved in the transaction is a development site located at 444 West Boynton Beach Boulevard in Boynton Beach. The sale was finalized at a price of $7,250,000, encompassing a total area of 135,214 square feet, which translates to a price per square foot of $53.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $7,250,000
• Address: 444 West Boynton Beach Boulevard
• Market: Boynton Beach
• Square Footage: 135,214
• Price per Square Foot: $53
• Buyer: Boynton Beach Redevelopment CRA
• Seller: Kirill Vesselov
• Broker: William A. Cunningham III - Coldwell Banker

The transaction involved key individuals, namely the buyer, Boynton Beach Redevelopment CRA, and the seller, Kirill Vesselov, who facilitated the sale through the brokerage services of William A. Cunningham III from Coldwell Banker. These parties played significant roles in completing this real estate transaction.