Malema Engineering Corp Acquires Office At 3231 Northwest 7th Avenue For $7.2M

The asset involved in this transaction is an office located at 3231 Northwest 7th Avenue in Boca Raton. The property was sold for a price of $7,200,000, encompassing a total square footage of 26,056, resulting in a price per square foot of $276.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $7,200,000
• Square Footage: 26,056
• Price per Square Foot: $276
• Buyer: Malema Engineering Corp.
• Seller: Jason Sher & Ross Fuerring - Banyan Development & Ian Weiner - PEBB Enterprises
• Buyer's Representative: Christopher Thomson - Cushman & Wakefield
• Seller's Representative: Chad Gottsegen - LRM Commercial Real Estate Advisors

Key individuals involved in the transaction include the buyer, Malema Engineering Corp., and the three sellers: Jason Sher and Ross Fuerring representing Banyan Development, alongside Ian Weiner from PEBB Enterprises. The buyer's interests were represented by Christopher Thomson of Cushman & Wakefield, while the sellers were represented by Chad Gottsegen of LRM Commercial Real Estate Advisors.