SOLDDevelopment Site
Geoffrey Jervis Acquires Development Site On Lake Worth Road For $3.2M
4840 Lake Worth Road
$3,200,000
Building Size
—
Asset Type
Development Site
Closing
Nov 15, 2022
AI
A development site located at 4840 Lake Worth Road in Lake Worth has been sold for a price of $3,200,000. The buyer, Geoffrey Jervis, acquired the property from the seller, Gustavo Bartra.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,200,000
- Address: 4840 Lake Worth Road, Lake Worth
The deal was facilitated by broker Andres (Andy) Perez-Cervera from Compass.
Players
Lake Worth Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93