The property involved in the transaction is an Office asset located at 347 Northeast 5th Avenue in Delray Beach. The property was sold for $1,570,000 and spans 2,272 square feet, resulting in a price per square foot of $691.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $1,570,000
• Buyer: Basis Industrial
• Buyer's Representative: Anthony Scavo - Basis Industrial
• Seller's Representative: Scott Pressman - The Keyes Company
• Lender: Banesco USA

Basis Industrial, a real estate owner and operator, made the acquisition for $1.57 million, signaling its establishment of a new headquarters in Delray Beach, FL. The company intends to revamp the acquired 2,272-square-foot property over the next six months, reflecting its dedication to creating a contemporary workspace that fosters a vibrant environment for its expanding team and operations.