Evan Mouhalis Acquires Office Property In Lake Worth For $4.32M
SOLD
$4,320,000
Florida
See Similar DealsOffice7,928 SF
Sold 09/15/2021
SOLD
Evan Mouhalis Acquires Office Property In Lake Worth For $4.32M
5799 Lake Worth Bridge, Lake Worth, FL, USA
See Similar DealsOffice7,928 SF
Sold 09/15/2021
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$544
Total Square Footage:7,928 SF
Transaction Type:Sale
The office property located at 5799 Lake Worth Rd in Lake Worth has been sold for a total of $4,320,000. The property spans approximately 7,928 square feet, resulting in a price per square foot of $545. The transaction took place on September 15, 2021.
Summary of transation details
- Property Type: Office
- Transaction Amount: $4,320,000
- Address: 5799 Lake Worth Rd
- Market: Lake Worth
- Square Footage: 7,928
- Price per Square Foot: $545
Evan Mouhalis acquired the property as the buyer, while the ASC 5799 Lake Worth Rd LLC acted as the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$230,400.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,348.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,479.00
Annual Debt Service$245,748.05
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