Frank Cid Acquires Retail Office Property In Lantana For $940000 With Broker Joshua Rosa
SOLD
Florida
See Similar DealsRetail4,908 SF
Sold 09/26/2025
SOLD
Frank Cid Acquires Retail Office Property In Lantana For $940000 With Broker Joshua Rosa
610 North Dixie Highway
See Similar DealsRetail4,908 SF
Sold 09/26/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$191
Total Square Footage:4,908 SF
Transaction Type:Sale
The retail/office asset located at 610 North Dixie Highway in Lantana, was sold for $940,000. The property comprises a total of 4,908 square feet, translating to a price per square foot of $191.
Summary of transaction details:
- Property Type: Retail/Office
- Transaction Amount: $940,000
- Address: 610 North Dixie Highway
- Market: Lantana
- Buyer: Frank Cid
- Seller: David & Eric Hofman
- Broker: Joshua Rosa - APEX Capital Realty
- Buyer's Representative: Marc Martinangelo - MJI Consulting & Ricky Hen - Lokally Realty
- Sale Date: 09/26/2025
- Previous Sale: 608 N Dixie Hwy for $570,000 on 07/31/2025
Joshua Rosa of APEX Capital Realty facilitated the sale of the property, which is the second parcel of 610 DIXIE LLC. The transaction showcases the activity in the local market and reflects a continued interest in retail/office spaces.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$50,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,339.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,456.08
Annual Debt Service$53,472.95
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