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Evan Mouhalis Acquires Office Property In Lake Worth For $4.32M

Property Image
SOLD
$4,320,000

Florida

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Office7,928 SF
Sold 09/15/2021
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Property Image
SOLD

Evan Mouhalis Acquires Office Property In Lake Worth For $4.32M

5799 Lake Worth Bridge, Lake Worth, FL, USA

See Similar Deals
Office7,928 SF
Sold 09/15/2021
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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.

Players

6 deals$26.7M volume
BUYER

Details

SOLD
IMAGE: 09/15/2021 ADDRESS: 5799 Lake Worth Rd MARKET: Lake Worth ASSET TYPE: Office BUYER: Evan Mouhalis SELLER: ASC 5799 Lake Worth Rd LLC SALE PRICE: $4,320,000 SF: 7,928 ~ PPSF: $545

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,348.05
Cash-on-Cash Return-1.27%
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