Evan Mouhalis Acquires Office Property In Lake Worth For $4.32M
5799 Lake Worth Bridge, Lake Worth, FL, USA
$4,320,000
$544/SF
Building Size
7,928 SF
Asset Type
Office
Closing
Sep 14, 2021
About this deal
AI
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.
On the Map
$4,320,000
$544/SF
Office
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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
3.67%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93