facebook
Traded Co logo
Submit

Eitan Holder And Criterion Fund Acquire Lakeshore Plaza In Palm Springs For $8 Million

Property Image
SOLD
$8,000,000
Sean Glickman
Eitan Holder

Florida

See Similar Deals
Retail51,715 SF
Sold 01/30/2026
the dealplayerscompscontact
Property Image
SOLD

Eitan Holder And Criterion Fund Acquire Lakeshore Plaza In Palm Springs For $8 Million

2669 Forest Hill Boulevard

See Similar Deals
Retail51,715 SF
Sold 01/30/2026
Sean Glickman
Eitan Holder
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$154
Total Square Footage:51,715 SF
Transaction Type:Sale

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

Sean Glickman
Cushman & Wakefield
Sean Glickman
3 deals$18.2M volume
BROKER
Cushman & Wakefield
Cushman & Wakefield
BROKERAGE
Eitan Holder
Eitan Holder
4 deals$30.8M volume
BUYER

Details

SOLD
IMAGE: Brian Duck, Braden Cheek, Joel Thompson, Andy Thelen & Eitan Holder DATE: 01/30/2026 ADDRESS: 2669 Forest Hill Boulevard MARKET: Palm Springs ASSET TYPE: Retail BUYER: Eitan Holder (@EitanHolder2026) (linkedin.com/in/eitan-holder); Braden Cheek (@BradenCheek), Brian Duck, Joel Thompson & Andy Thelen - The Criterion Fund (@TheCriterionFund) SELLER: IMC Equity Group (@IMCEquityGroup) BROKER: Sean Glickman - Cushman & Wakefield (@CushWake) SALE PRICE: $8,000,000 SF: 51,715 ~ PPSF: $154 NOTE FROM BUYER: The Criterion Fund acquired Lakeshore Plaza, with the transaction led by Eitan Holder. “We’re excited to acquire Lakeshore Plaza in a market that continues to show real growth. This deal reflects our focus on buying well-located retail properties with fundamentals that support both near-term cash flow and long-term value creation. Following the closing of 10 retail centers and 3 development deals in 2025, we’re positioned for continued growth across primary and secondary U.S. markets in 2026." Brokers and sellers - reach out to [email protected]

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$426,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98