Updated Dec 21, 2023
Joelle Franc Acquires Commercial Property In Lake Worth Beach, FL For $2.7M
1700 Federal Highway, Lake Worth Beach, Florida 33460, United States
$2,735,000
$446/SF
Building Size
6,132 SF
Asset Type
Commercial
Closing
Nov 10, 2022
About this deal
AI
The commercial property located at 1700 Federal Hwy in Lake Worth Beach, FL has been sold. The transaction took place on June 3, 2022. The property has a total square footage of 6,132. The sale price for the property was $2,735,000, resulting in a price per square foot of $446.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $2,735,000
- Address: 1700 Federal Hwy, Lake Worth Beach, FL
- Square Footage: 6,132
- Price per Square Foot: $446
Joelle Franc was the buyer in this transaction, while Jedediah Tarr served as the seller. No additional information regarding the individuals or companies involved in the deal was provided.
Players
Lake Worth Beach Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93