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1800 South Dixie Highway

Leticia Garcia Acquires Retail Property In Lake Worth Beach From David Hofman For $800,000
SOLDRetail

Leticia Garcia Acquires Retail Property In Lake Worth Beach From David Hofman For $800,000

1800 South Dixie Highway

$800,000

$191/SF

Building Size

4,188 SF

Asset Type

Retail

Closing

Feb 11, 2025

AI

This retail property is located at 1800 South Dixie Highway in Lake Worth Beach. The asset was sold at a price of $800,000, covering a total area of 4,188 square feet, which equates to a price per square foot of $191.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $800,000
  • Buyer: Leticia Garcia
  • Seller: David Hofman
  • Broker: Joshua Rosa - APEX Capital Realty
  • Sale Date: 02/11/2025

Joshua Rosa from APEX Capital Realty represented the transaction involving Leticia Garcia and David Hofman, facilitating the sale of the retail property. The broker has also noted the availability of two adjacent commercial buildings for sale down the street for $1,600,000 at a price per square foot of $215.

Players

Joshua Rosa

APEX Capital Realty

Broker

$9.1M

vol

7 deals

Broker
APEX Capital Realty
APEX Capital RealtyBrokerage

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

19.83%

Cash-on-Cash

-5.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93