ASP/IP Del Mar LLC Acquires Office Building In Boca Raton For $18M

The office property located at 7301 Palmetto Park Road in Boca Raton has been sold in a transaction valued at $18,000,000. The property spans across 8.2 acres and offers a total of 100,423 square feet of space. With a price per square foot of $179, this sale reflects a significant investment in the vibrant Boca Raton market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $18,000,000
• Square Footage: 100,423
• Price per Square Foot: $179
• Acres: 8.2

The buyer, ASP/IP Del Mar LLC, acquired the property from the seller, Rimar Properties. Facilitating this transaction were the brokers Scott O'Donnell, Mike Ciadella, Dominic Montazemi, Greg Miller, and Miguel Alcivar from Cushman & Wakefield. Their expertise and negotiation skills played a crucial role in the successful completion of this deal.