Corts Family Acquires Retail Property In Lake Worth From Salazar And Pezzia For $7M

The retail asset involved in this transaction is located at 3064 South Military Trail, Lake Worth. It was sold for $7,000,000, comprising a total square footage of 14,528 and a price per square foot of $481. The sale included both a 7 bay retail asset and a separate operated membership-based car wash business, providing a unique investment opportunity with strong in-place income and upside potential.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $7,000,000
• Address: 3064 South Military Trail
• Market: Lake Worth
• Square Footage: 14,528
• Price Per Square Foot: $481
• Buyer: Carla, Kim & Wayne Corts
• Seller: Eliseo Salazar & Piero Pezzia
• Broker Representatives: Francisco Campos & Donna Emma Ternus - Campos Commercial Real Estate

This transaction was facilitated by brokers Francisco Campos and Donna Emma Ternus, who represented both the buyer and seller. Campos Commercial Real Estate successfully managed this off-market transaction, which is noted for being a record-setting sale in the area, highlighting the continued demand for well-located retail assets with integrated business components in South Florida.