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City Furniture Purchases Retail Property In West Palm Beach For $3.5 Million

Property Image
SOLD
$3,500,000

Florida

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Retail8,450 SF
Sold 03/18/2026
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Property Image
SOLD

City Furniture Purchases Retail Property In West Palm Beach For $3.5 Million

2063 Palm Beach Lakes Boulevard

See Similar Deals
Retail8,450 SF
Sold 03/18/2026
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$414
Total Square Footage:8,450 SF
Transaction Type:Sale

A retail property located at 2063 Palm Beach Lakes Boulevard in West Palm Beach has been sold for $3,500,000. The asset spans 8,450 square feet, translating to a price per square foot of $414. The property was previously occupied by Bedding Barn and is now vacant.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,500,000
  • Square Footage: 8,450
  • Price Per Square Foot: $414
  • Buyer: City Furniture
  • Broker: Nicholas McAndrew - Marcus & Millichap

The property was acquired by City Furniture as part of a strategic move to expand and redevelop its adjacent store. The seller was represented by a private trust in this transaction.

Players

Nicholas McAndrew
Marcus & Millichap
Nicholas McAndrew
16 deals$68M volume(954) 245-3526
BROKER
City Furniture
City Furniture
BUYER

Details

SOLD
IMAGE: Nicholas McAndrew DATE: 03/18/2026 ADDRESS: 2063 Palm Beach Lakes Boulevard MARKET: West Palm Beach ASSET TYPE: Retail BUYER: City Furniture BROKERS: Nicholas McAndrew (@NickMc561) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $3,500,000 SF: 8,450 ~ PPSF: $414 NOTE: Marcus & Millichap brokered the $3.5 million sale of an 8,450-square-foot retail property in West Palm Beach. City Furniture purchased the vacant building, formerly home to Bedding Barn, to expand and redevelop its adjacent store, with the seller represented by a private trust.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$12,434.75
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