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4075 Haverhill Road

Robert Moreyra And Peter Collins Of Forge Capital Partners Acquire Retail Center In West Palm Beach For $13.9M
SOLDRetail

Robert Moreyra And Peter Collins Of Forge Capital Partners Acquire Retail Center In West Palm Beach For $13.9M

4075 Haverhill Road

$13,900,000

$186/SF

Building Size

74,495 SF

Asset Type

Retail

Closing

May 14, 2025

AI

A retail center located at 4075 North Haverhill Road in West Palm Beach has been sold for $13.9 million. The property encompasses 74,495 square feet and sits on 8.6 acres of land. The asset, which is anchored by a Publix supermarket, was constructed between 2003 and 2004 and previously traded for $11.65 million in 2020.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $13,900,000
  • Square Footage: 74,495
  • Price Per Square Foot: $187
  • Address: 4075 North Haverhill Road
  • Market: West Palm Beach
  • Buyer: Robert Moreyra & Peter Collins - Forge Capital Partners
  • Seller: Tyler Covington - Collett Capital

Forge Capital Partners, represented by Robert Moreyra and Peter Collins, has successfully acquired the property from seller Tyler Covington of Collett Capital. This transaction marks a significant investment in the West Palm Beach retail market.

Players

Peter Collins

Forge Capital Partners

Buyer

$58.9M

vol

5 deals

Buyer
FP
Forge Capital PartnersBuyer
CC
Collett CapitalSeller

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

1.14%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93