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Richard Beckwitt & Mark Sustana Acquire Other Vacant Property In Loxahatchee,FL For $7,398,000

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SOLD
$7,398,000

Florida

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Sold 03/03/2022
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SOLD

Richard Beckwitt & Mark Sustana Acquire Other Vacant Property In Loxahatchee,FL For $7,398,000

1226 Arden Park Drive, Loxahatchee, Florida 33470, United States

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Other
Sold 03/03/2022
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Summary

FLORIDA
Asset Type:Other
Transaction Type:Sale

The property asset that was involved in this transaction is located at 1226 Arden Park Dr in Loxahatchee, FL. It is an Other Vacant property.

Summary of transaction details

  • Property Type: Other Vacant
  • Transaction Amount: $7,398,000
  • Address: 1226 Arden Park Dr, Loxahatchee, FL
  • Market: Loxahatchee, FL

The buyer in this transaction is Richard Beckwitt & Mark Sustana. They purchased the property from Amanda Winnington & Jesse R. Baker.

Players

MS
Mark Sustana
2 deals$29.1M volume
BUYER

Details

SOLD
IMAGE: 03/03/2022 ADDRESS: 1226 Arden Park Dr MARKET: Loxahatchee,FL ASSET TYPE: Other Vacant BUYER: Richard Beckwitt & Mark Sustana SELLER: Amanda Winnington & Jesse R.Baker PRICE: $7,398,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$394,560.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$26,283.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,070.29
Annual Debt Service$420,843.53