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
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