Home Depot Acquires Industrial Property In Lake Worth For $26M
7233 North Seacrest Boulevard, Lake Worth, FL, USA
$26,000,000
$192/SF
Building Size
135,268 SF
Asset Type
Industrial
Closing
Aug 26, 2021
AI
An industrial property located at 7233-7109 N. Seacrest Boulevard in Lake Worth has been sold for $26,000,000. The property spans 135,268 square feet and is situated on 14.8 acres of land. The sale price per square foot is $192, and the price per acre is $1,756,757. The property also features 800 parking spots.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $26,000,000
- Square Footage: 135,268
- Price per Square Foot: $192
- Acreage: 14.8
- Price per Acre: $1,756,757
- Parking Spots: 800
The buyer of the property is Home Depot, while Alliance Partners HSP represented the seller, Richard R. Previdi. This sizable deal in Lake Worth demonstrates the strong market demand for industrial assets in the area.
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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93