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7109 North Seacrest Bouleva...

Walmart Sells Industrial Property In Lake Worth For $13M
SOLDIndustrial

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

Robert Sulentic

CBRE

Broker

$164.9M

vol

7 deals

Broker
W
WalmartSeller

Lantana Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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