Arcadia Realty Acquires Retail Asset In Lake Worth For $68,000,000 From Principal Asset Management
Jog And Lantana Roads
$68,000,000
Units
208,410
Asset Type
Retail
Closing
Mar 31, 2025
About this deal
AI
This retail asset, located at Jog And Lantana Roads in Lake Worth, FL, encompasses 208,410 square feet and was sold for a total price of $68,000,000.00. Principal Asset Management was the seller of this property.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $68,000,000.00
- Buyer: Arcadia Realty
- Seller: Principal Asset Management
- Date of Transaction: 03/31/2025
- Market: Lake Worth, FL
Arcadia Realty acted as the buyer in this transaction, acquiring the retail asset from Principal Asset Management. The successful completion of this sale reflects the ongoing activity within the Lake Worth market.
On the Map
$68,000,000
Retail
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Players
Lake Worth 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
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93