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Lennar Homes Acquires Land On Charles Street In Lake Worth Beach For $13.44M

Property Image
SOLD
$13,440,000

Florida

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Sold 05/05/2022
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Property Image
SOLD

Lennar Homes Acquires Land On Charles Street In Lake Worth Beach For $13.44M

Lake Worth, Florida, United States

See Similar Deals
Sold 05/05/2022
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Transaction Type:Sale

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

Lennar
Lennar
BUYER
PN
Peter Nanula
4 deals$46.5M volume
SELLER

Details

SOLD
IMAGE: Peter Nanula DATE: 05/05/2022 ADDRESS: 4404 Charles Street MARKET: Lake Worth Beach ASSET TYPE: Land BUYER: Lennar Homes SELLER: Concert Fountains Properties - Peter Nanula SALE PRICE: $13,440,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$716,800.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$47,749.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,712.46
Annual Debt Service$764,549.48