Curbline Properties Acquires Retail Asset In Royal Palm Beach From City Construction & Development For $17M
SOLD
$17,000,000
Florida
See Similar DealsRetail25,720 SF
Sold 12/11/2025
SOLD
Curbline Properties Acquires Retail Asset In Royal Palm Beach From City Construction & Development For $17M
11925 Southern Boulevard
See Similar DealsRetail25,720 SF
Sold 12/11/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$661
Total Square Footage:25,720 SF
Transaction Type:Sale
The asset involved in this transaction is a retail property located at 11925 Southern Boulevard in Royal Palm Beach. The sale price of the property was $17,000,000, with a total square footage of 25,720, resulting in a price per square foot of $660.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $17,000,000
- Address: 11925 Southern Boulevard
- Market: Royal Palm Beach
- Square Footage: 25,720
- Price Per Square Foot: $660
- Buyer: Curbline Properties
- Seller: City Construction & Development
- Brokers: Douglas K. Mandel, Zach Levine & Cody Hershey - Marcus & Millichap
This transaction involved Curbline Properties as the buyer and City Construction & Development as the seller. The brokerage team representing the transaction consisted of Douglas K. Mandel, Zach Levine, and Cody Hershey from Marcus & Millichap, highlighting the collaborative efforts of these professionals in closing the deal.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$906,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$60,397.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$80,588.67
Annual Debt Service$967,064.08
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