LRP Media Group Purchases Mixed-Use Asset In Palm Beach Gardens For $15.5 Million

3801-3901 Design Center Drive is a mixed-use property located in Palm Beach Gardens. The asset was sold for $15,500,000, encompassing a total square footage of 43,878, resulting in a price per square foot of $353.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $15,500,000
• Address: 3801-3901 Design Center Drive
• Market: Palm Beach Gardens
• Square Footage: 43,878
• Price per Square Foot: $353
• Buyer: LRP Media Group
• Seller: Precise Property
• Seller's Representative: Scott Weprin & Michael Falk - Colliers
• Brokerage Firms: Douglas K. Mandel, Zach Levine & Cody Hershey - Marcus & Millichap

The transaction saw LRP Media Group as the buyer, with Precise Property as the seller. The deal was facilitated by Douglas K. Mandel, Zach Levine, and Cody Hershey from Marcus & Millichap, while Scott Weprin and Michael Falk from Colliers represented the seller in this transaction.