Hypoluxo Village Owner LLC Acquires Other Agricultural Property In Lake Worth For $27M
6900 S Military Trail, Lake Worth, FL, USA
$27,000,000
$12,980/SF
Building Size
2,080 SF
Asset Type
—
Closing
Sep 8, 2021
About this deal
AI
Hypoluxo Village Owner LLC has acquired an Other Agricultural property in Lake Worth for a sale price of $27,000,000. The property is located at 6900 S Military Trl & 4361 Hypoluxo Rd and spans an area of 2,080 square feet. This translates to a price per square foot of $12,981.
Summary of transaction details
- Property Type: Other Agricultural
- Transaction Amount: $27,000,000
- Address: 6900 S Military Trl & 4361 Hypoluxo Rd
- Market: Lake Worth
- Buyer: Hypoluxo Village Owner LLC
- Seller: Paul Z Okean
- Square Footage: 2,080
- Price per Square Foot: $12,981
The buyer of this property, Hypoluxo Village Owner LLC, has successfully completed the transaction, acquiring the Other Agricultural asset. The seller, Paul Z Okean, represented by their broker, was involved in the deal. The purchase price of $27,000,000 and the area of 2,080 square feet highlight the financial and physical aspects of the transaction.
Players
Lake Worth 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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93