Paul Krasker Purchases Industrial Property In Riviera Beach For $12.4M

The industrial property located at 1800 President Barack Obama Highway in Riviera Beach has been sold in a transaction involving the buyer, Paul Krasker, and the seller, Boris Rosenstein. The deal was facilitated by brokers Zach Levine and Douglas Mandel from Marcus & Millichap. The property spans 74,103 square feet and was sold for $12,400,000, resulting in a price per square foot of $167.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $12,400,000
• Address: 1800 President Barack Obama Highway
• Market: Riviera Beach
• Square Footage: 74,103
• Buyer: Paul Krasker
• Seller: Boris Rosenstein
• Brokers: Zach Levine & Douglas Mandel - Marcus & Millichap

Zach Levine and Douglas Mandel, representing Marcus & Millichap, played essential roles in the sale of the industrial property, ensuring a successful transaction for both the buyer and the seller. Their expertise and negotiation skills were instrumental in closing the deal at a competitive price point for all parties involved.