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Pantzer Properties Acquires Multifamily Property In West Palm Beach For $78M

1701 Clare Avenue
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This Retail property located in FL was sold for $78,000,000 almost 2 years ago.

The multifamily property located at 1701 Clare Avenue in West Palm Beach has been sold for a total of $78,000,000. The property spans over 3.1 acres and consists of 178 units. The price per unit amounts to $438,202, and the total square footage of the property is 173,543, resulting in a price per square foot of $449. The transaction took place on 05/09/2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $78,000,000
  • Address: 1701 Clare Avenue, West Palm Beach
  • Market: West Palm Beach
  • Acres: 3.1
  • Units: 178
  • Price Per Unit: $438,202
  • Total Square Footage: 173,543
  • Price Per Square Foot: $449

The buyer of the property is Pantzer Properties represented by Jordan and Jason Pantzer. The seller is Eastwind Development. Truist Bank provided the financing for this transaction.

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Deals
  • Location
    1701 Clare Avenue, West Palm Beach, Florida 33401, United States1701 Clare Avenue, West Palm Beach, Florida 33401, United States
  • Sale Price
    $78,000,000$78,000,000
    $442 PPSF$442 PPSF
  • Area
    176,243 SF176,243 SF
  • Asset Type
    RetailRetail
  • Parties
    1 Lender1 Lender

Truist Bank

Truist Bank

Lender
Deals20
Volume$ 89.6B

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Deal Summary

SALE IMAGE: Jason Pantzer & Jordan Pantzer DATE: 05/09/2022 ADDRESS: 1701 Clare Avenue MARKET: West Palm Beach ASSET TYPE: Multifamily ~ ACRES: 3.1 BUYER: Pantzer Properties - Jordan & Jason Pantzer SELLER: Eastwind Development LENDER: Truist Bank SALE PRICE: $78,000,000 UNITS: 178 ~ PPU: $438,202 SF: 173,543 ~ PPSF: $449

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