Marcus & Millichap Sells 12-Unit Multifamily Asset At 1000 Palm Trail For $5.65M

The asset involved in this transaction is a multifamily property located at 1000 Palm Trail in Delray Beach. The property consists of 12 units, with a sale price of $5,650,000. It encompasses a total square footage of 14,640, resulting in a price per unit of $470,833.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,650,000
• Units: 12
• Price Per Unit: $470,833
• Square Footage: 14,640
• Address: 1000 Palm Trail
• Market: Delray Beach

The brokers involved in this transaction include Joseph Thomas, Alec Demetriou, Adam Marcuvitz, and Brian Rosen, all representing Marcus & Millichap. They played a crucial role in facilitating this sale.