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Arturo Alvarez Acquires Office Building In West Palm Beach For $13.9M

560 Village Boulevard
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This Office property located in FL was sold for $13,900,000 over 2 years ago. The brokers of the deal were Michael Falk, Mark M. Rubin, and Bastian Laggerbauer

Located in West Palm Beach, the office property at 560 Village Boulevard has changed ownership in a recent transaction. The sale took place on October 21, 2021, with Arturo Alvarez acquiring the property from Yakov Cohen. The transaction was facilitated by Michael Falk of Colliers, who represented the buyer, and Bastian Laggerbauer and Mark M. Rubin of Colliers, who represented the seller. The property was listed with an asking price of $14,500,000 and ultimately sold for $13,900,000. Spanning 62,875 square feet, the property was sold at a price per square foot of $221.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $13,900,000
  • Date: October 21, 2021
  • Address: 560 Village Boulevard
  • Market: West Palm Beach
  • Buyer: Arturo Alvarez
  • Seller: Yakov Cohen
  • Buyer's Representative: Michael Falk - Colliers
  • Seller's Representative: Bastian Laggerbauer & Mark M. Rubin - Colliers

This transaction showcases the involvement of various individuals and companies. Arturo Alvarez acted as the buyer, while Yakov Cohen was the seller. Michael Falk from Colliers represented the buyer in the deal, while Bastian Laggerbauer and Mark M. Rubin, also from Colliers, served as the representatives for the seller. The sale of the office property at 560 Village Boulevard underscores the dynamic nature of the West Palm Beach market.

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Deals
  • Location
    560 Village Boulevard, West Palm Beach, FL, USA560 Village Boulevard, West Palm Beach, FL, USA
  • Sale Price
    $13,900,000$13,900,000
    $221 PPSF$221 PPSF
  • Area
    62,875 SF62,875 SF
  • Asset Type
    OfficeOffice
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

Michael Falk

Michael Falk

Deals6
Sold$61M

Agency

Colliers International

Colliers International

Agency
Deals1674
Volume$36.2B

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Deal Summary

SALE IMAGE: Mark M. Rubin & Bastian Laggerbauer DATE: 10/21/2021 ADDRESS: 560 Village Boulevard MARKET: West Palm Beach ASSET TYPE: Office BUYER: Arturo Alvarez SELLER: Yakov Cohen BUYER'S REP: Michael Falk - Colliers SELLER'S REP: Bastian Laggerbauer (@Bastian1992) & Mark M. Rubin (@SofloInvestmentSales) - Colliers ASKING PRICE: $14,500,000 SALE PRICE: $13,900,000 SF: 62,875 ~ PPSF: $221

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560 Village Boulevard

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