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Nelson Ferreira Acquires Retail Property In North Palm Beach From Martin Osher & Irving Osher For $36M

11201-11261 US Highway 1
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This Retail property located in FL was sold for $36,000,000 almost 2 years ago. The brokers of the deal were Tyler Kuhlman and Douglas (Doug) Mandel

Located in North Palm Beach, the property at 11201-11261 US Highway 1 has recently been sold. The retail asset, spanning approximately 98,846 square feet, was purchased for a total of $36,000,000. The transaction took place on June 1, 2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $36,000,000
  • Address: 11201-11261 US Highway 1, North Palm Beach
  • Square Footage: 98,846

The buyer for this property was Nelson Ferreira, while the sellers were Martin Osher and Irving Osher. Representing the deal on behalf of the buyer and seller were Tyler S. Kuhlman and Douglas K. Mandel from Marcus & Millichap.

With its strategic location and impressive square footage, this retail property offers great potential for future development. The transaction represents a lucrative investment opportunity in the bustling North Palm Beach market.

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Deals
  • Location
    11201 US Route 1, North Palm Beach, Florida 33408, United States11201 US Route 1, North Palm Beach, Florida 33408, United States
  • Sale Price
    $36,000,000$36,000,000
    $364 PPSF$364 PPSF
  • Area
    98,846 SF98,846 SF
  • Asset Type
    RetailRetail
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Tyler Kuhlman

Tyler Kuhlman

Deals31
Sold$514.4M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

SALE IMAGE: Tyler S. Kuhlman & Douglas K. Mandel DATE: 06/01/2022 ADDRESS: 11201-11261 US Highway 1 MARKET: North Palm Beach ASSET TYPE: Retail BUYER: Nelson Ferreira SELLER: Martin Osher & Irving Osher BROKERS: Tyler S. Kuhlman (@TylerKuhlman_) & Douglas K. Mandel - Marcus & Millichap (@MarcusMillichap_Fl) SALE PRICE: $36,000,000 SF: 98,846 ~ PPSF: $364

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11201-11261 US Highway 1

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