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655 North Military Trail

O'Connor Capital Partners Acquires Retail Asset From The Salvation Army In West Palm Beach
SOLDRetail

O'Connor Capital Partners Acquires Retail Asset From The Salvation Army In West Palm Beach

655 North Military Trail

Building Size

41,000 SF

Asset Type

Retail

Closing

Dec 13, 2025

AI

The property involved in this transaction is a retail asset located at 655 North Military Trail, West Palm Beach, with a total square footage of 41,000. The sale was between The Salvation Army as the seller and O'Connor Capital Partners as the buyer.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 655 North Military Trail
  • Market: West Palm Beach
  • Asset Size: 41,000 SF
  • Buyer: O'Connor Capital Partners
  • Seller: The Salvation Army
  • Brokers: Dusty Dodge & Johnny Dodge - Dodge Real Estate Corp

Dodge Real Estate Corp facilitated this off-market transaction, coordinating with the City for strategic positioning and rezoning to unlock the site's redevelopment potential. This transaction marks another transformative project influencing the future of Palm Beach County.

Players

Dodge Real Estate Corp

Dodge Real Estate Corp

Broker

$140.7M

vol

4 deals

Broker
TA
The Salvation ArmySeller

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

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93