Acadia Realty Trust Acquires Retail Asset At 225 Worth Avenue In Palm Beach For $43M
SOLD
$43,000,000
Florida
See Similar DealsRetail9,900 SF
Sold 03/27/2026
SOLD
Acadia Realty Trust Acquires Retail Asset At 225 Worth Avenue In Palm Beach For $43M
225 Worth Avenue
See Similar DealsRetail9,900 SF
Sold 03/27/2026
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$4,343
Total Square Footage:9,900 SF
Transaction Type:Sale
This retail asset, located at 225 Worth Avenue in the Palm Beach market, was sold for $43,000,000. It encompasses a total area of 9,900 square feet, resulting in a price per square foot of $4,343. The property is fully occupied by anchor tenant Gucci on a long-term lease, along with G/FORE and J. McLaughlin as additional tenants.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $43,000,000
- Address: 225 Worth Avenue
- Market: Palm Beach
- Square Footage: 9,900
- Price Per Square Foot: $4,343
- Buyer: Acadia Realty Trust
- Seller: JSB Capital Group
- Broker Representatives: Michael Hunter Coghill & Brittany Feinberg - Adirondack Capital Partners
ACP represented the seller, a New York investment firm, and facilitated the buyer in this transaction. The property is a significant asset situated in a prime area, benefiting from strong tenant demand.
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SELLER
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,293,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$152,769.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$203,841.94
Annual Debt Service$2,446,103.25
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