Walmart Sells Industrial Property In Lake Worth For $13M
SOLD
$13,000,000
+ 1
Florida
See Similar DealsIndustrial270,268 SF
Sold 12/03/2019
SOLD
Walmart Sells Industrial Property In Lake Worth For $13M
7109 North Seacrest Boulevard, Lake Worth, FL, USA & 7109 North Seacrest Boulevard, Lake Worth, FL, USA
See Similar DealsIndustrial270,268 SF
Sold 12/03/2019
+ 1
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$48
Total Square Footage:270,268 SF
Transaction Type:Sale
Walmart has sold an industrial property in Lake Worth for $13,000,000. The property, located at 7109 and 7233 North Seacrest Boulevard, spans 135,000 square feet. The sale price equates to approximately $96 per square foot. Ben Bruner from Bruner Group, David Emihovich from Katz & Associates, and Jim Sakonich from CBRE represented Walmart in the transaction.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,000,000
- Property Address: 7109, 7233 North Seacrest Boulevard
- Market: Lake Worth
- Square Footage: 135,000
The deal was facilitated by Ben Bruner of Bruner Group, David Emihovich of Katz & Associates, and Jim Sakonich of CBRE. This team of brokers worked on behalf of Walmart, the seller, in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$693,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59
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