Kayne Anderson Capital Advisors Acquires Office Building In Lake Worth Beach For $7.3M

The office property located at 5645 Military Trail in Lake Worth Beach has been sold. The transaction took place on April 15, 2020. The property, spanning 9,772 square feet, was sold for a total price of $7,300,000, resulting in a price per square foot of $747. The buyer in this transaction was Kayne Anderson Capital Advisors, represented by Richard Kayne. The seller was Atlantis Mob LLC, operating under the name Optimal Outcomes.

Summary of transation details

• Property Type: Office
• Transaction Amount: $7,300,000
• Square Footage: 9,772
• Price per Square Foot: $747
• Buyer: Kayne Anderson Capital Advisors - Richard Kayne
• Seller: Atlantis Mob LLC - Optimal Outcomes

The sale of the property was facilitated by Richard Kayne of Kayne Anderson Capital Advisors. The deal represents a significant transaction in the Lake Worth Beach market. The involvement of Kayne Anderson Capital Advisors highlights their interest and activity in the commercial real estate sector.