Bryan B. Deboer Of Lithia & Driveway Purchases Retail Properties In West Palm Beach For $51.4M

The retail properties at 6870 Okeechobee Boulevard and 2301 Okeechobee Boulevard in West Palm Beach, encompassing 15.6 acres, were sold in a transaction amounting to $51,400,000. The total square footage of the properties is 72,116, which results in a price per square foot of $713.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $51,400,000
• Square Footage: 72,116
• Price per Square Foot: $713
• Buyer: Bryan B. Deboer - Lithia & Driveway
• Seller: Ed Napleton - Ed Napleton Automotive Group
• Acura Site Sale Price: $27,900,000
• Hyundai/Genesis Site Sale Price: $23,500,000

Bryan B. Deboer represented Lithia & Driveway in the acquisition of the dealership properties, which included Palm Beach Acura, West Palm Beach Hyundai, and West Palm Beach Genesis. The seller, Ed Napleton, is affiliated with Ed Napleton Automotive Group, who conducted the transaction of the two dealership sites through its affiliates.