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
About this deal
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.
On the Map
Retail
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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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93