Frank Cid Acquires Retail Office Property In Lantana For $940000 With Broker Joshua Rosa
610 North Dixie Highway
$940,000
$191/SF
Building Size
4,908 SF
Asset Type
Retail
Closing
Sep 25, 2025
AI
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
Lantana 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
16.88%
Cash-on-Cash
-4.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93