Saba Centers Acquires Retail Property In Boynton Beach For $7.2M

Located in Boynton Beach, the retail property at 1550-1600 N. Federal Hwy has been sold. The transaction took place on December 22, 2021. The property, spanning a total of 35,142 square feet, was listed with an asking price of $7,220,000 and was ultimately sold for the same price, resulting in a price per square foot of $205.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $7,220,000
• Address: 1550-1600 N. Federal Hwy
• Market: Boynton Beach
• Buyer: Saba Centers - Michael Saba Jr. & Michael Saba Sr.
• Seller: Scott Maslin - Woodglen Investments

The buyer of the property is represented by Michael Saba Jr. and Michael Saba Sr. from Saba Centers. On the other hand, Scott Maslin from Woodglen Investments acted as the seller. These key individuals played crucial roles in the successful completion of the deal.