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
- Property Type: Office
- Transaction Amount: $10,900,000
- Address: 2290 & 2328 10th Avenue N., Lake Worth
- Market: Lake Worth
- Seller: SF Partners
- Brokers: David Duckworth, John Crotty, Michael Fay, Brian de la Fé, Emily Brais, & Berkley Bloodworth - Avison Young
- SF: 96,674
- PPSF: $113
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
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