Updated Dec 21, 2023
Lerman Michael & Andrew M. Bloom Acquire Lake Worth Warehouse For $2.3M
525 Gator Drive, Lake Worth, Florida 33462, United States
$2,300,000
$152/SF
Building Size
15,070 SF
Asset Type
Industrial
Closing
May 31, 2022
About this deal
AI
A warehouse located at 525 Gator Dr in Lake Worth, FL was recently sold in a closed transaction. The property spans 15,070 square feet and was sold for a price of $2,300,000, resulting in a price per square foot of $152.62.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $2,300,000
- Address: 525 Gator Dr, Lake Worth, FL
- Market: Lake Worth, FL
Lerman Michael & Andrew M. Bloom acted as the buyers in the transaction, while Arthur S. HillBrath Jr & Douglas S. Hillbrath were the sellers.
Players
Lantana 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93