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324 Royal Palm Way
SOLD

CSPB 324 LLC Acquires Mixed-use Property In Palm Beach For $18.5M

324 Royal Palm Way

Mixed-use
25,068 SF
clock iconSold 1 year ago
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Summary

Sale
FLORIDA
Mixed-use
25,068 sqft

324 Royal Palm Way, a mixed-use property located in Palm Beach, was recently sold in a closed transaction. The sale took place on 06/02/2021, with CSPB 324 LLC purchasing the property from RPW Equity LLC. The transaction was facilitated by Richard Baio of RPW LLC, who served as the broker representing both parties.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $18,500,000
  • Address: 324 Royal Palm Way, Palm Beach
  • Market: Palm Beach
  • Buyer: CSPB 324 LLC
  • Seller: RPW Equity LLC
  • Broker: Richard Baio - RPW LLC
  • SF: 25,068
  • Price per Square Foot: $738

This transaction demonstrates the robust real estate market in Palm Beach, with a significant investment made in a mixed-use property. The involvement of Richard Baio from RPW LLC highlights the importance of having an experienced broker in such high-value deals. This successful transaction further solidifies the reputation of all parties involved in the Palm Beach real estate market.

Players

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Richard Baio's profile picture
Richard Baio
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Executive Vice President Chief Financial Officer and Treasurer
$18.5M Sold

Details

Deal Summary
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SOLD
IMAGE: Richard Baio DATE: 06/02/2021 ADDRESS: 324 Royal Palm Way MARKET: Palm Beach ASSET TYPE: Mixed-use BUYER: CSPB 324 LLC SELLER: RPW Equity LLC BROKER: Richard Baio - RPW LLC SALE PRICE: $18,500,000 SF: 25,068 ~ PPSF: $738

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Address324 Royal Palm Way

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