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

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.