Lamp Real Estate LLC Acquires Multifamily Property At 323 Almeria Road In West Palm Beach For $2M

The property asset involved in this transaction is a multifamily building located at 323 Almeria Road in West Palm Beach, FL. The building encompasses 10 units and spans 5,710 square feet. The transaction was completed for a price of $2,000,000, which equates to $350.26 per square foot. Additionally, the property sits on a parcel of land measuring 0.21 acres and was constructed in 1928.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,000,000
• Address: 323 Almeria Road
• Market: West Palm Beach, FL
• Units: 10
• Price Per Unit: $200,000
• Square Footage: 5,710
• Price Per Square Foot: $350
• Buyer: Lamp Real Estate LLC
• Seller: 323 Almeria LLC
• Brokers: Daniel J. Cunningham, Evan Richardson, River Rhoads, Dillon Majeski & Cory Sanchez - Marcus & Millichap

Lamp Real Estate LLC acquired the property from 323 Almeria LLC. The brokers involved in the deal were Daniel J. Cunningham, Evan Richardson, River Rhoads, Dillon Majeski, and Cory Sanchez, all representing Marcus & Millichap.