Rolando Garcia Acquires Land In Loxahatchee For $6.3M
4003 Seminole Pratt Whitney Rd, Loxahatchee, FL, USA
$6,261,195
$61/SF
Building Size
101,176 SF
Asset Type
—
Closing
Jul 29, 2021
About this deal
AI
The land located at 4003 Seminole Pratt Whitney Rd in Loxahatchee has been sold. The transaction took place on 07/30/2021, and the property was purchased by Rolando Garcia for a total price of $6,261,195. The land has a size of 101,176 square feet, resulting in a price per square foot of $62.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $6,261,195
- Square Footage: 101,176
- Price per Square Foot: $62
- Address: 4003 Seminole Pratt Whitney Rd, Loxahatchee
- Market: Loxahatchee
Chris Erneston III & James A. Erneston served as the sellers of the property. Rolando Garcia acted as the buyer in this transaction.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.53%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93