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
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