BD 4801, LLC Acquires Office Property In Lake Worth For $5.55M

An office property located at 4801 South Congress Ave. in Lake Worth was recently sold for a total of $5,550,000. The property spans across 35,078 square feet and was sold at a price of $158 per square foot. The transaction took place on July 15, 2021.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $5,550,000
• Address: 4801 South Congress Ave.
• Market: Lake Worth
• Square Footage: 35,078

The buyer of the office property was BD 4801, LLC, while the seller was JPMCC 2006-LDP7 Office 4801, LLC. The deal was facilitated by brokers John K. Crotty, CCIM, David Duckworth, Michael T. Fay, Brian de la Fé, and Berkley Bloodworth from Avison Young.