Maurice Splain Acquires Office Property From Daniel Miller For $1.53M In Royal Palm Beach

The property located at 1402 Royal Palm Beach Boulevard is an office asset in the Royal Palm Beach market, with a sale price of $1,530,250. The property encompasses a total square footage of 3,864, resulting in a price per square foot of $396.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $1,530,250
• Address: 1402 Royal Palm Beach Boulevard
• Market: Royal Palm Beach
• Square Footage: 3,864
• Price Per Square Foot: $396
• Buyer: Maurice Splain
• Seller: Daniel Miller
• Seller's Representatives: Michael Barashick, Elon Gerberg, and Adam H. Klein - The ROI Group - SVN Commercial Partners

The ROI Group of SVNCP facilitated this transaction, achieving a record-setting price in the Royal Palm Beach submarket by generating multiple competitive bids over asking price. The deal closed above pricing expectations at approximately $400 per square foot.