Geoffrey Jervis Acquires Development Site On Lake Worth Road For $3.2M
SOLD
$3,200,000
Florida
See Similar DealsDevelopment Site
Sold 11/15/2022
SOLD
Geoffrey Jervis Acquires Development Site On Lake Worth Road For $3.2M
4840 Lake Worth Road
See Similar DealsDevelopment Site
Sold 11/15/2022
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$170,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59
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