Dalfen Industrial Acquires 10.5 Acre Development Site In West Palm Beach For $12M

A 10.5-acre development site located at 2850 & 2866 Ranch House Road in West Palm Beach has been sold in a recent transaction. The property, which was sold on September 30, 2021, was purchased by Dalfen Industrial for a total price of $12,000,000. The site offers a buildable square footage (BSF) of 131,837, with a price per buildable square footage (PPBSF) of $91. The buyer's representative in the deal was Elizabeth Morley from Dalfen Industrial, while David Sunders represented the seller, K2 Motocars.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $12,000,000
• Market: West Palm Beach
• Address: 2850 & 2866 Ranch House Road
• Acres: 10.5
• Price per Acre (PPA): $1,142,857
• BSF: 131,837
• PPBSF: $91

Dalfen Industrial, represented by Elizabeth Morley, acquired the development site in West Palm Beach in a successful transaction. K2 Motocars, represented by David Sunders, acted as the seller in the deal. The purchase price of $12,000,000 reflects the value of the 10.5-acre site, which offers a significant buildable square footage of 131,837. With a price per buildable square footage of $91, the acquisition presents an exciting opportunity for Dalfen Industrial in the West Palm Beach market.