Melissa P. Ganzi & Marc C. Ganzi Acquire Vacant Lot In Lake Worth, FL For $15.25M
4710 130th Avenue South, Wellington, Florida 33449, United States
$15,250,000
$7,564/SF
Building Size
2,016 SF
Asset Type
—
Closing
Jan 17, 2022
About this deal
AI
A vacant lot located at 12940 & 4710 130th Ave South in Lake Worth, FL has been sold in a recent transaction. The property spans 2,016 square feet and was sold for a price of $15,250,000, resulting in a price per square foot of $7,564.
Summary of transation details
- Property Type: Vacant Lot
- Transaction Amount: $15,250,000
- Address: 12940 & 4710 130th Ave South, Lake Worth, FL
- Market: Lake Worth, FL
- Buyer: Melissa P. Ganzi & Marc C. Ganzi
- Seller: Peter Andromidas
- Square Footage: 2,016
- Price per Square Foot: $7,564
Melissa P. Ganzi and Marc C. Ganzi were the buyers in this transaction, while Peter Andromidas was the seller.
Players
Wellington CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93