DIR Development Acquires Office Building In Palm Springs For $5M

DIR Development has acquired an office property located at 1620 S Congress Ave in Palm Springs. The property, with a total area of 18,400 square feet, was sold by Plastic Surgery of Palm Beach for a sale price of $5,000,000. The transaction took place on June 17, 2021. The office is situated in the Palm Springs market.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $5,000,000
• Address: 1620 S Congress Ave
• Market: Palm Springs
• Buyer: DIR Development
• Seller: Plastic Surgery of Palm Beach
• Buyer's Representative: Drew Neems - Imperial Realty
• Seller's Representative: Brett Buchwald - Ackerman Medical
• Square Footage: 18,400
• Price per Square Foot: $272

Drew Neems from Imperial Realty and Theron May were the buyer's representatives in the deal, while Brett Buchwald represented the seller, Plastic Surgery of Palm Beach.