SOLDDevelopment Site
Pulte Homes Acquires Development Site In Lake Worth For $30.3M
$30,325,000
Building Size
—
Asset Type
Development Site
Closing
Dec 20, 2023
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.
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