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

Property Image
SOLD
$13,900,000

Florida

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Retail74,495 SF
Sold 05/14/2025
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Property Image
SOLD

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

4075 Haverhill Road

See Similar Deals
Retail74,495 SF
Sold 05/14/2025
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$186
Total Square Footage:74,495 SF
Transaction Type:Sale

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
Peter Collins
5 deals$58.9M volume
BUYER
FP
Forge Capital Partners
BUYER
CC
Collett Capital
SELLER

Details

SOLD
IMAGE: Peter Collins, Robert Moreyra & Tyler Covington DATE: 05/14/2025 ADDRESS: 4075 North Haverhill Road MARKET: West Palm Beach ASSET TYPE: Retail ~ ACRES: 8.6 BUYER: Robert Moreyra & Peter Collins - Forge Capital Partners SELLER: Tyler Covington - Collett Capital SALE PRICE: $13,900,000 SF: 74,495 ~ PPSF: $187 NOTE: Forge Capital Partners, led by Robert Moreyra and Peter Collins, acquired a 74,495 SF Publix-anchored retail center at 4075 N Haverhill Rd in West Palm Beach for $13.9M from Collett Capital. The shopping center, built in 2003–2004, sits on 8.6 acres and last traded for $11.65M in 2020.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$741,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$49,383.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$65,893.09
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