George Jay II Johnnides Acquires Office Asset From Babak Ebrahimzadeh In Riviera Beach For $16.5M

The property asset involved in this transaction is an office located at 2655 North Ocean Drive in the Riviera Beach market. The transaction was completed for a sale price of $16,500,000, encompassing a total area of 46,500 square feet, which equates to a price per square foot of $354.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $16,500,000
• Address: 2655 North Ocean Drive
• Market: Riviera Beach
• Square Footage: 46,500
• Price per Square Foot: $354
• Buyer: George Jay II Johnnides
• Seller: Babak Ebrahimzadeh
• Buyer's Representative: Paul Snitkin - Anderson Carr
• Seller's Representatives: Rachel Mitrogiannis & Tony Hollis - Hollis Realty Group

The deal features key individuals including George Jay II Johnnides as the buyer, while Babak Ebrahimzadeh serves as the seller. Paul Snitkin from Anderson Carr represents the buyer, and the seller is represented by Rachel Mitrogiannis and Tony Hollis from Hollis Realty Group.