SOLD
ASP/IP Del Mar LLC Acquires Office Building In Boca Raton For $18M
7301 Palmetto Park Road
Office
100,423 SF
100,423 SF
Sold 1 year ago
Summary
Sale
FLORIDA
Office
100,423 sqft
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.
Players
All
7
Agents
5
Agencies
2
Details
SOLD
IMAGE: Mike Ciadella, Mike Ciadella, Greg Miller, Miguel Alcivar & Dominic Montazemi
DATE: 06/04/2021
ADDRESS: 7301 Palmetto Park Road
MARKET: Boca Raton
ASSET TYPE: Office
BUYER: ASP/IP Del Mar LLC
SELLER: Rimar Properties
BROKERS: Scott O'Donnell, Mike Ciadella, Dominic Montazemi, Greg Miller & Miguel Alcivar - Cushman & Wakefield
SALE PRICE: $18,000,000
SF: 100,423 ~ PPSF: $179
ACRES: 8.2 ~ PPA: $2,195,122View on map
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Address7301 Palmetto Park Road
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