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Spencer Schlager And Charlie Rosenberg Acquire Mixed-Use Property In Palm Beach For $18.3M

Property Image
SOLD
$18,336,000
Zachary (Zach) Baraf
Spencer Schlager

Florida

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Mixed-use16,743 SF
Sold 07/13/2023
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Property Image
SOLD

Spencer Schlager And Charlie Rosenberg Acquire Mixed-Use Property In Palm Beach For $18.3M

375 South County Road

See Similar Deals
Mixed-use16,743 SF
Sold 07/13/2023
Zachary (Zach) Baraf
Spencer Schlager
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$1,095
Total Square Footage:16,743 SF
Transaction Type:Sale

The asset involved in the transaction is a mixed-use property located at 375 South County Road in the Palm Beach market. The property spans 16,743 square feet and was sold for a total price of $18,336,000, resulting in a price per square foot of $1,095.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $18,336,000
  • Address: 375 South County Road
  • Market: Palm Beach
  • Square Footage: 16,743
  • Price per Square Foot: $1,095
  • Buyer: Spencer Schlager & Charlie Rosenberg
  • Seller: M Development
  • Broker: Zachary Baraf - The Stanwich Group

Zachary Baraf, Principal of The Stanwich Group, served as the sole advisor on the deal. The buyers plan to execute upgrades on the building, specifically aiming to attract Class A Office Tenants. The property is strategically situated along S County, just one block north of Worth Avenue.

Players

Zachary (Zach) Baraf
Zachary Baraf
4 deals$71.7M volume
BROKER
Spencer Schlager
Spencer Schlager
12 deals$222.8M volume
BUYER
Spencer Schlager
Spencer Schlager
12 deals$222.8M volume
BUYER
M Development
M Development
SELLER

Details

SOLD
IMAGE: Spencer Schlager, Zachary Baraf & Charlie Rosenberg DATE: 07/13/2023 ADDRESS: 375 South County Road MARKET: Palm Beach ASSET TYPE: Mixed-use BUYER: Spencer Schlager (@Spencerschlager) & Charlie Rosenberg SELLER: M Development BROKERS: Zachary Baraf (@Mrbaraf) - The Stanwich Group SALE PRICE: $18,336,000 SF: 16,743 ~ PPSF: $1,095 NOTE FROM BROKER: Zachary Baraf, Principal of Stanwich Group, was the sole advisor on the deal. The building spans an entire block front on S County, 1 block north of Worth Avenue. The buyers plan to upgrade the building with a specific focus on attracting Class A Office Tenants.

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