Hannah Park Acquires Palm Beach Gardens Office Building For $11.6M

Located at 8895 North Military Trail in Palm Beach Gardens, this office property was recently sold in a transaction. The property spans an area of 6.1 acres and comprises a total of 75,056 square feet. The sale price for this transaction was $11,600,000, resulting in a price per square foot of $155. The buyer in this deal was Hannah Park 2020 Management Trust, while the seller was Northlake Corporate Park Corp, represented by Sergio Elbaum.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $11,600,000
• Square Feet: 75,056
• Price per Square Foot: $155
• Acres: 6.1

Hannah Park 2020 Management Trust acquired this office property located at 8895 North Military Trail in Palm Beach Gardens. The seller, Northlake Corporate Park Corp, was represented by Sergio Elbaum. This transaction highlights the involvement of key individuals and companies in the deal.