Jonathan K Hage's Red Apple At Lake Worth Acquires Commercial (Educational) Property In Lake Worth For $3.35M
5415 Morning Mist Way
$3,350,000
$304/SF
Building Size
11,000 SF
Asset Type
Office
Closing
May 2, 2023
About this deal
AI
An educational commercial property located at 5415 Morning Mist Way in Lake Worth has been sold for a price of $3,350,000. The property spans 11,000 square feet, resulting in a price per square foot of $305. The sale took place on 05/02/2023.
Summary of transaction details:
- Property Type: Commercial (Educational)
- Transaction Amount: $3,350,000
- Address: 5415 Morning Mist Way, Lake Worth
- Market: Lake Worth
- Buyer: Jonathan K Hage - Red Apple At Lake Worth
- Seller: Rafael Serrano - SHEDDF2-FL1A
- Buyer's Representative: Miguel Pinto & Adriano Salucci - APEX Capital Realty
- Seller's Representative: Benjamin Silver - CBRE
- SF: 11,000
- PPSF: $305
Miguel Pinto and Adriano Salucci from APEX Capital Realty represented the buyer, Jonathan K Hage of Red Apple At Lake Worth, in the transaction. Benjamin Silver from CBRE acted as the seller's representative, representing Rafael Serrano of SHEDDF2-FL1A.
Players
Market 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
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93