Stewart A. Satter Acquires Development Site In Lake Worth For $15.45M
SOLD
$15,450,000
Florida
See Similar DealsDevelopment Site8,168 SF
Sold 03/17/2021
SOLD
Stewart A. Satter Acquires Development Site In Lake Worth For $15.45M
1260 S Ocean Blvd, Lake Worth, FL, USA
See Similar DealsDevelopment Site8,168 SF
Sold 03/17/2021
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$1,891
Total Square Footage:8,168 SF
Transaction Type:Sale
A development site located at 1260 S Ocean Blvd in Lake Worth has been sold in a transaction worth $15,450,000. The property, which is situated in a prime location, offers great potential for development. The sale was closed on 03/17/2021.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $15,450,000
- Address: 1260 S Ocean Blvd, Lake Worth
- Market: Lake Worth
The buyer of the development site was Stewart A. Satter, while the seller was Tonio Arcaini.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$823,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$54,890.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$73,240.88
Annual Debt Service$878,890.59
Is there something missing? Send suggestions