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2290 10th Avenue North, Lak...

SF Partners Sells Lake Worth Office Asset For $10.9M With Avison Young's David Duckworth, John Crotty, Michael Fay, Brian De La Fé, Emily Brais, & Berkley Bloodworth
SOLDOffice

SF Partners Sells Lake Worth Office Asset For $10.9M With Avison Young's David Duckworth, John Crotty, Michael Fay, Brian De La Fé, Emily Brais, & Berkley Bloodworth

2290 10th Avenue North, Lake Worth, FL, USA

$10,900,000

$112/SF

Building Size

96,674 SF

Asset Type

Office

Closing

Oct 14, 2020

AI

An office property located at 2290 & 2328 10th Avenue N. in Lake Worth has been sold for $10,900,000. The property spans 96,674 square feet, resulting in a price per square foot of $113. The transaction took place on October 15, 2020.

Summary of transaction details

The sale was facilitated by Avison Young brokers David Duckworth, John Crotty, Michael Fay, Brian de la Fé, Emily Brais, and Berkley Bloodworth. They represented SF Partners in the transaction.

Players

Emily Brais

Avison Young

Broker

$97.1M

vol

9 deals

Broker
SP
SF PartnersSeller

Lake Worth Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.46%

Cash-on-Cash

-0.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93