Iberic Malls Leases 31,841 SF Retail Space To Bridgeprep Academy In Royal Palm Beach
630-650 Royal Palm Beach Blvd Royal Plaza
Building Size
31,841 SF
Asset Type
Retail
Closing
Sep 25, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 630-650 Royal Palm Beach Blvd in Royal Plaza, Royal Palm Beach, FL. The total square footage of the asset is 31,841, and it operates under a NNN lease structure.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 630-650 Royal Palm Beach Blvd
- Market: Royal Palm Beach, FL
- Landlord: Iberic Malls
- Tenant: Bridgeprep Academy
- Landlord's Representative: Daniel Solomon - Katz & Associates Real Estate Advisors
- Tenant's Representatives: Ben Kuhn, Zachary Talbot & Robert Orban - Cresa
The key individuals involved in the deal include Daniel Solomon representing the landlord, Iberic Malls, and the representatives for the tenant, Bridgeprep Academy, which are Ben Kuhn, Zachary Talbot, and Robert Orban from Cresa.
On the Map
Retail
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Players
Royal Palm Beach Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93