Search
 

Office Depot Plaza Sells for $4.7M

LAKE WORTH, FL-Depot Center LLC of Boca Raton, FL, paid LWOD Ltd. $85.02 per sf for the 55,457-sf retail center here. The 98% occupied center was built in 1976, and the new owner is planning a substantial renovation.

By Melissa Bogdany | Updated on May 30, 2003

LAKE WORTH, FL-Depot Center LLC, based in Boca Raton, FL, has purchased Office Depot Plaza in Lake Worth, FL for approximately $4.7 million, or about $85.02 per sf. The 55,457-sf, multi-tenant retail plaza is located at 4560 Lake Worth Rd., on the southwest corner of Military Trail and Lake Worth Road.

The seller was LWOD Ltd. Office Depot Plaza, built in 1976, is 98% occupied, 72% of which consists of national credit tenants, such as Office Depot, IHOP and Family Dollar Stores.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.