Fairstead Acquires Multifamily Property In Boca Raton For $33.75M

The Jewish Federation of South Palm Beach County has recently sold a multifamily property in Boca Raton for a total of $33,750,000. This property, located at 21000 Ruth & Baron Coleman Boulevard, encompasses a spacious area of 73,003 square feet. With a price per square foot (PPSF) of $462, it offers a great investment opportunity. In addition, the property consists of 101 units, making it an attractive asset in the Boca Raton market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $33,750,000
• Address: 21000 Ruth & Baron Coleman Boulevard
• Market: Boca Raton
• Size: 73,003 square feet
• Price Per Square Foot (PPSF): $462
• Number of Units: 101

The buyer for this transaction is Fairstead, represented by Stephen Siegel, Will Blodgett, Andrew, and Jeffrey Goldberg. On the other hand, the Jewish Federation of South Palm Beach County acted as the seller. This deal showcases the collaboration between these parties and highlights the significance of this multifamily property transaction in Boca Raton's real estate market.