Lennar Homes Acquires Land On Charles Street In Lake Worth Beach For $13.44M
Lake Worth, Florida, United States
$13,440,000
Building Size
—
Asset Type
—
Closing
May 4, 2022
AI
The property involved in this transaction is a piece of land located at 4404 Charles Street in Lake Worth Beach. The sale took place on 05/05/2022, and the asset type is land. The property was sold for a total price of $13,440,000.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $13,440,000
- Buyer: Lennar Homes
- Seller: Concert Fountains Properties - Peter Nanula
Lennar Homes is the buyer in this transaction, while Concert Fountains Properties, represented by Peter Nanula, is the seller. No additional information is provided about the property, buyer, or seller.
Players
Lake Worth Beach 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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93