Updated Dec 4, 2024
Pulte Homes Acquires Development Site In Lake Worth For $30.3M
$30,325,000
Building Size
—
Asset Type
Development Site
Closing
Dec 20, 2023
About this deal
AI
A development site located at 7777 Lyons Road in Lake Worth has been sold in a recent transaction. The sale price for the property was $30,325,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $30,325,000
- Address: 7777 Lyons Road
- Market: Lake Worth
Pulte Homes, represented by Shane McCain from BluEdge Professional Real Estate, acted as the buyer in this sale. Shane McCain played a pivotal role as the Division President of Pulte Homes in finalizing the transaction.
Pulte Homes Acquires Development Site In Lake Worth For $30.3M is logged as a development site sale on Traded (2023). Pulte Homes Acquires Development Site In Lake Worth For $30.3M is classified as Development Site on Traded. Shane McCain, BluEdge Professional Real Estate appear on the sale alongside BluEdge Professional Real Estate. This page is the market file for the Pulte Homes Acquires Development Site In Lake Worth For $30.3M development site sold: pricing, party profiles, and other closed development site comps from the same area sit in the Market section below. Cite this Pulte Homes Acquires Development Site In Lake Worth For $30.3M sale when underwriting similar development site product.
Market 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
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93