Randall P Fiorenza Acquires Industrial Property In Lake Worth, FL For $10.3M
SOLD
$10,300,000
Florida
See Similar DealsIndustrial2,592 SF
SOLD
Randall P Fiorenza Acquires Industrial Property In Lake Worth, FL For $10.3M
5141 Lasso Way, Lake Worth, Florida 33449, United States
See Similar DealsIndustrial2,592 SF
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$3,973
Total Square Footage:2,592 SF
Transaction Type:Sale
The industrial property located at 5141 Lasso Way in Lake Worth, FL has been sold for a price of $10,300,000. The property spans a total area of 2,592 square feet, resulting in a price per square foot of $3,973.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $10,300,000
- Address: 5141 Lasso Way, Lake Worth, FL
- Market: Lake Worth, FL
- Buyer: Randall P Fiorenza
- Seller: Visse M. Wedell
- Price per Square Foot: $3,973
The buyer of the property was Randall P Fiorenza, while the seller was Visse M. Wedell.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$549,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,593.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,827.25
Annual Debt Service$585,927.06
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