Lynx At Lake Worth LLC Acquires 105 Acres Of Land In Lake Worth Beach For $15M
7563 State Road 7, Lake Worth, Florida 33063, United States
$15,000,000
$108/SF
Building Size
137,869 SF
Asset Type
—
Closing
May 26, 2022
About this deal
AI
The property involved in the transaction is a piece of land located at 7563 S State Road 7 in Lake Worth Beach. The land spans across 105 acres and is being sold.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $15,000,000
- Address: 7563 S State Road 7
- Market: Lake Worth Beach
- ACRES: 105
Lynx at Lake Worth LLC, represented by Mattew Maschler, Michael McCarty, and Ryan Zuckerman of Zuckerman Homes, is the buyer of the property. The seller is South Florida Trotting Center & Cherry Holdings, represented by Sam Stathis of Stathis Enterprises.
The property was sold for a price of $15,000,000. It has a total square footage of 137,869, resulting in a price per square foot of $109.
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93