Acadia Realty Trust Acquires Retail Asset At 225 Worth Avenue In Palm Beach For $43M
225 Worth Avenue
$43,000,000
$4,343/SF
Building Size
9,900 SF
Asset Type
Retail
Closing
Mar 27, 2026
About this deal
AI
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.
Players
Palm Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93