Updated Sep 5, 2024
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
About this deal
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.
The development site sale at 4840 Lake Worth Road in Lake Worth, Florida sold for $3.2M in 2022. 4840 Lake Worth Road is classified as Development Site on Traded. Andres (Andy) Perez-Cervera, Compass appear on the sale alongside Compass. This page is the Lake Worth, Florida file for the 4840 Lake Worth Road development site sold: pricing, party profiles, and other closed development site comps from the same Lake Worth sit in the Market section below. Filter that Lake Worth development site set by closing date to see what else sold near 4840 Lake Worth Road around 2022. Published consideration for 4840 Lake Worth Road is $3.2M, dated 2022. Cite this Geoffrey Jervis Acquires Development Site On Lake Worth Road For $3.2M sale when underwriting similar development site product around Lake Worth, Florida.
On the Map
$3,200,000
Development Site
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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