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Index Investment Group & Verdex Construction Acquire Office Building In West Palm Beach For $13.4M

1501 Belvedere Road
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This Office property located in FL was sold for $13,400,000 over 2 years ago. The brokers of the deal were Mark M. Rubin and Bastian Laggerbauer

An office property located at 1501 Belvedere Road in West Palm Beach has been sold for $13,400,000. The property spans across 65,760 square feet, resulting in a price per square foot of $204. The transaction took place on November 24, 2021.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $13,400,000
  • Address: 1501 Belvedere Road
  • Market: West Palm Beach

The buyer of the property was Index Investment Group and Verdex Construction, while the seller was CEMEX. The deal was facilitated by Bastian Laggerbauer and Mark Rubin from Colliers.

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Deals
  • Location
    1501 Belvedere Road, West Palm Beach, FL, USA1501 Belvedere Road, West Palm Beach, FL, USA
  • Sale Price
    $13,400,000$13,400,000
    $203 PPSF$203 PPSF
  • Area
    65,760 SF65,760 SF
  • Asset Type
    OfficeOffice
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Mark M. Rubin

Mark M. Rubin

Deals26
Sold$657.8M

Agency

Colliers International

Colliers International

Agency
Deals1674
Volume$36.2B

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Deal Summary

SALE IMAGE: Bastian Laggerbauer & Mark Rubin DATE: 11/24/2021 ADDRESS: 1501 Belvedere Road MARKET: West Palm Beach ASSET TYPE: Office BUYER: Index Investment Group & Verdex Construction SELLER: CEMEX BROKERS: Bastian Laggerbauer (@Bastian1992) & Mark Rubin (@SofloInvestmentSales) - Colliers SALE PRICE: $13,400,000 SF: 65,760 ~ PPSF: $204

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1501 Belvedere Road

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