Steven Michael Acquires Office Property In Delray Beach For $1.23M

The office property located at 990 South Congress Avenue in Delray Beach was sold for $1,226,350 at a price per square foot of $241. The transaction took place on 02/16/2024, with Steven Michael purchasing the 5,095 square foot asset from Jennifer Consolver. The deal was facilitated by brokers Cleveland Sainpreux, Elon Gerberg, and Adam H. Klein from SVN Commercial Partners.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $1,226,350
• Buyer: Steven Michael
• Seller: Jennifer Consolver
• Brokers: Cleveland Sainpreux, Elon Gerberg, and Adam H. Klein - SVN Commercial Partners
• Market: Delray Beach
• Square Footage: 5,095

Cleveland Sainpreux, Elon Gerberg, and Adam H. Klein played crucial roles in representing both the buyer and the seller during the property transaction. The asset was sold at a 2.19% cap rate, with each party's interests being effectively managed throughout the deal. For additional information or inquiries, interested parties can reach out to the ROI Group at SVN Commercial Partners through the provided contacts.