Masha Lodnia's Lodnia Group Acquires Development Site In Lake Worth For $3.6M

The Development Site located at 3100-3190 Jog Rd in Lake Worth, Palm Beach County, has been sold for a price of $3,600,000. The property spans over 4.67 acres and has a Building Square Footage (BSF) of 2,063,425. This translates to a price per Building Square Foot (PPBSF) of $2 and a price per Acre (PPA) of $770,877.94. The asset is zoned for commercial use.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $3,600,000
• Address: 3100-3190 Jog Rd, Lake Worth, Palm Beach County
• Market: Lake Worth
• Zoning: Commercial

The buyer of the property is Masha Lodnia, represented by the Lodnia Group. The seller, on the other hand, is Norman Carnell, representing B'LO Corporation. Conner Peters from the Water Pointe Realty Group acted as the buyer's representative in this deal. The seller was represented by Michael Falk, Mike Millard, and Sean Old from Colliers International. The teams involved in the transaction are Colliers’ Falk Weprin Team and Colliers’ South Florida Land Services Team.