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
$13,000,000
$48/SF
Building Size
270,268 SF
Asset Type
Industrial
Closing
Dec 2, 2019
AI
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.
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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93