SOLD
Bill Sawhney Acquires Office In Royal Palm Beach For $1.43M
11327 Okeechobee Boulevard
Office
4,892 SF
4,892 SF
Sold 67 days ago
Summary
Sale
FLORIDA
Office
4,892 sqft
The office property located at 11327 Okeechobee Boulevard in Royal Palm Beach was sold in a transaction between buyer Bill Sawhney and seller Karen Cavenagh. The property spans 4,892 square feet and was sold for $1,428,750, equating to $292 per square foot at a 3.29% cap rate.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,428,750
- Address: 11327 Okeechobee Boulevard
- Market: Royal Palm Beach
- Square Footage: 4,892
- Price per Square Foot: $292
Cleveland Sainpreux, Elon Gerberg, and Adam H. Klein from SVN Commercial Partners facilitated the deal, representing both the buyer and the seller. The buyer, Bill Sawhney, made a $100,000 non-refundable deposit upon signing the contract and successfully closed the transaction in just 16 days.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Adam H. Klein, Cleveland Sainpreux & Elon Gerberg
DATE: 02/21/2024
ADDRESS: 11327 Okeechobee Boulevard
MARKET: Royal Palm Beach
ASSET TYPE: Office
BUYER: Bill Sawhney
SELLER: Karen Cavenagh
BROKERS: Cleveland Sainpreux (@ClevelandSainpreux), Elon Gerberg (@EdGofroi) & Adam H. Klein (@Adamhklein.RoiGroup) - SVN Commercial Partners (@SVN_commercialpartners)
SALE PRICE: $1,428,750
SF: 4,892 ~ PPSF: $292
NOTE FROM BROKERS: Cleveland Sainpreux, Elon Gerberg, and Adam H. Klein represented the seller and the buyer in the transaction. The property sold for $292/psf at a 3.29% cap rate. The buyer made a $100,000 non-refundable deposit upon contract signing and closed the deal in just 16 days.
For more information, contact the ROI Group at SVN Commercial Partners, Cleveland Sainpreux ([email protected], 561.485.1655), Elon Gerberg ([email protected], 561.485.1129), or Adam H. Klein ([email protected], 516.445.3070).
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Address11327 Okeechobee Boulevard
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