Updated Jun 23, 2025
Ben Karp And Jessica Giguire Of JB Capital Management Purchase Industrial Property From Jarred Elmar For $1.135M
1102 4th Avenue North & 1103 4th Avenue North
$1,135,000
$55/SF
Building Size
10,245 SF
Asset Type
Industrial
Closing
Sep 30, 2020
About this deal
AI
The property asset involved in this transaction is an industrial asset located at 1102 4th Avenue North in Lake Worth Beach. The transaction price was $1,135,000.00, and the total square footage of the asset is 10,245.0.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,135,000.00
- Address: 1102 4th Avenue North
- Market: Lake Worth Beach
- Square Footage: 10,245.0
- Buyer: Ben Karp/Jessica Giguire (JB Capital Mgmt)
- Seller: Jarred Elmar
- Brokers: Tyler Kuhlman
This deal features key individuals including the buyers, Ben Karp and Jessica Giguire, who represent JB Capital Management. The seller of the property is Jarred Elmar, and the transaction was facilitated by broker Tyler Kuhlman.
On the Map
$1,135,000
$55/SF
Industrial
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Players
Lake Worth Beach Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.98%
Cash-on-Cash
-3.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93