SOLD
MHG Hotels & Storage Purchase Development Site In Lake Worth For $2.9M
4361 Hypoluxo Road
Development Site
Sold 34 days ago
Summary
Sale
FLORIDA
Development Site
The property involved in the transaction is a Development Site located at 4361 Hypoluxo Road in Lake Worth. The asset was sold by Fuqua Dev to buyers Hiren, Neal & Sanjay Patel of MHG Hotels and MHG Storage for a total sale price of $2,900,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,900,000
- Buyer: Hiren, Neal & Sanjay Patel - MHG Hotels - MHG Storage
- Seller: Fuqua Dev
- Brokers: Jonathan Cashion & Daniel Solomon - Katz & Associates Real Estate Advisors
The buyers, Hiren, Neal & Sanjay Patel, are planning to construct a 3-story fully climate-controlled Public Storage facility on the acquired Development Site. MHG Hotels and MHG Storage are open to receiving information on new development opportunities in the hotel, storage, and multifamily sectors through [email protected].
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Hiren Patel, Sanjay Patel & Neal Patel
DATE: 03/27/2024
ADDRESS: 4361 Hypoluxo Road
MARKET: Lake Worth
ASSET TYPE: Development Site
BUYER: Hiren, Neal & Sanjay Patel - MHG Hotels (@MHGHotels) - MHG Storage
SELLER: Fuqua Dev
BROKERS: Jonathan Cashion & Daniel Solomon (@Daniel_floridaretailpro) - Katz & Associates Real Estate Advisors (@KatzRetail)
SALE PRICE: $2,900,000
NOTE FROM BUYER: 3 story fully climate controlled Public Storage facility to be built and owned by MHG. Please contract [email protected] with any new development hotel, storage and multifamily opportunitiesView on map
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Address4361 Hypoluxo Road
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