Tuesday, May 15, 2012

Marcus & Millichap Sells 163,786-SF Development Site in Boynton Beach, FL


BOYNTON BEACH, FL, May 14, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Seaview Park Club (top left aerial photo), a 163,786 Square-Foot Development Site located in Boynton Beach, FL, according to Gregory Matus, Regional Manager / Vice President of the firm’s Ft. Lauderdale office.

The asset commanded a sales price of $2,240,000.

The buyer, a private investor, was secured and represented by Tal I. Frydman (middle right photo), Vice President Investments at Marcus & Millichap’s Fort Lauderdale office. 

“This transaction was perfect for the new buyers as they own the property directly next door and will be developing Seaview Park Club as an extension of their existing property.

The bank awarded the buyer this deal as they were able to propose and deliver a rapid closing, which occurred just 9 days after the contact was signed,” says Frydman.

Seaview Park Club is a vacant 3.76-acre development site situated directly on the Intracoastal Waterway in the City of Boynton Beach, Florida. The property has been approved for 64-units and eight boat slips. Seaview Park Club is located at 1620 North Federal Highway. 

Press Contact:

Tal Frydman
Vice President Investments,
 Ft. Lauderdale, FL
(954) 245-3400

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