Bill Sawhney Acquires Office In Royal Palm Beach For $1.43M

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.