Tommi Kuutti Purchases Multifamily Property From John D Bols For $1.05M In Lake Worth Beach

The transaction involves a MultiFamily asset located at 1506 Federal Highway in the Lake Worth Beach market. The property was sold for a total price of $1,050,000, encompassing 6 units and covering a square footage of 5,600. The price per unit (PPU) is calculated at $175,000, and the price per square foot (PPSF) stands at $187.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $1,050,000
• Units: 6
• Square Footage: 5,600
• Price Per Unit: $175,000
• Price Per Square Foot: $187
• Buyer: Tommi Kuutti
• Seller: John D Bols
• Seller's Representative: Nelson Ilceus - Colliers

Key participants in this transaction include the buyer, Tommi Kuutti, and the seller, John D Bols. The seller was represented by Nelson Ilceus from Colliers, who facilitated the deal on behalf of the seller.