Eitan Holder And Criterion Fund Acquire Lakeshore Plaza In Palm Springs For $8 Million
2669 Forest Hill Boulevard
$8,000,000
$154/SF
Building Size
51,715 SF
Asset Type
Retail
Closing
Jan 29, 2026
About this deal
AI
The retail asset at 2669 Forest Hill Boulevard in Palm Springs has been sold for $8,000,000. The property spans 51,715 square feet, resulting in a price per square foot of $154.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,000,000
- Address: 2669 Forest Hill Boulevard
- Market: Palm Springs
- Square Footage: 51,715
- Price per Square Foot: $154
- Buyer: Eitan Holder, Braden Cheek, Brian Duck, Joel Thompson & Andy Thelen - The Criterion Fund
- Seller: IMC Equity Group
- Broker: Sean Glickman - Cushman & Wakefield
The Criterion Fund, led by Eitan Holder, executed the acquisition of the property known as Lakeshore Plaza. The buyer expressed enthusiasm for the deal, noting a strategic focus on well-located retail properties aimed at both immediate cash flow and long-term growth. Following 2025’s activity, which included 10 retail centers and 3 development deals, the Criterion Fund aims to expand its portfolio in various U.S. markets throughout 2026.
Players
West 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93