facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Retail

/

Sale

/

1201 S Dixie Hwy Lantana, F...

Integra Investments Acquires Lantana Village Square Shopping Center For $14.85M
SOLDRetail

Integra Investments Acquires Lantana Village Square Shopping Center For $14.85M

1201 S Dixie Hwy Lantana, FL 33462, USA

$14,850,000

$90/SF

Building Size

164,951 SF

Asset Type

Retail

Closing

Jul 25, 2023

AI

Integra Investments has acquired the Lantana Village Square shopping center in Lantana for a price of $14.85 million. The property is spread across 18.6 acres and includes addresses at 1201, 1301 S. Dixie Highway, and 457 Greynolds Circle. The retail asset spans an area of 164,951 square feet with a price per square foot of $90. The buyer's representative in the deal was Victor Ballestas from Integra Investments, while the seller was Saglo Development. The transaction was financed by Bradesco Bank.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $14,850,000
  • Address: 1201, 1301 S. Dixie Highway & 457 Greynolds Circle
  • Market: Lantana
  • Acres: 18.6
  • Square Footage: 164,951
  • Price Per Square Foot: $90
  • Buyer: Integra Investments - Victor Ballestas
  • Seller: Saglo Development
  • Lender: Bradesco Bank

Integra Investments plans to revitalize a part of the shopping center, specifically the vacant Kmart space, into affordable apartments through the Live Local Act. This redevelopment initiative aims to provide modern multifamily housing for the local workforce in the area.

Players

Victor Ballestas

Integra Investments

Buyer

$298.5M

vol

4 deals

Buyer
Bradesco Bank
Bradesco BankLender

Miami Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.07%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93