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Grover Corlew Acquires Office Building In Boca Raton For $25.2M

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SOLD
$25,200,000

Florida

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Office66,606 SF
Sold 03/07/2022
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Property Image
SOLD

Grover Corlew Acquires Office Building In Boca Raton For $25.2M

120 East Palmetto Park Road

See Similar Deals
Office66,606 SF
Sold 03/07/2022
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$378
Total Square Footage:66,606 SF
Transaction Type:Sale

The office property located at 120 E Palmetto Park Road in Boca Raton has been sold in a recent transaction. The property, spanning 66,606 square feet, was sold for a total of $25,200,000. This translates to a price per square foot of $378. The sale was facilitated by Dominic Montazemi of Cushman & Wakefield. The buyer, Grover Corlew, was represented by Mark Corlew.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $25,200,000
  • Address: 120 E Palmetto Park Road, Boca Raton
  • Market: Boca Raton
  • Buyer: Grover Corlew - Mark Corlew
  • Seller: Kireland Palmetto Park, LLC
  • Square footage: 66,606
  • Price per square foot: $378

Dominic Montazemi of Cushman & Wakefield played a key role as the broker in facilitating the sale. The seller, Kireland Palmetto Park, LLC, entered into the transaction with the buyer, Grover Corlew, who was represented by Mark Corlew.

Players

Dominic Montazemi
90 deals$4.2B volume
BROKER

Details

SOLD
IMAGE: Dominic Montazemi & Mark Corlew DATE: 03/08/2022 ADDRESS: 120 E Palmetto Park Road MARKET: Boca Raton ASSET TYPE: Office BUYER: Grover Corlew - Mark Corlew SELLER: Kireland Palmetto Park, LLC BROKER: Dominic Montazemi - Cushman & Wakefield SALE PRICE: $25,200,000 SF: 66,606 ~ PPSF: $378

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Debt Service Coverage Ratio (DSCR)

0.94x

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