Sandeep Alva Acquires Other Agricultural Property In Lake Worth For $7M
12377 Indian Mound Road, Lake Worth, Florida 33449, United States
$7,000,000
$582/SF
Building Size
12,012 SF
Asset Type
Other
Closing
Jun 1, 2022
About this deal
AI
The agricultural property located at 12377 Indian Mound Rd in Lake Worth, FL has been sold. The transaction took place on 06/02/2022.
Summary of transaction details:
- Property Type: Other Agricultural
- Transaction Amount: $7,000,000
- Address: 12377 Indian Mound Rd, Lake Worth, FL
- Square Footage: 12,012
- Price per Square Foot: $582
The buyer of the property is Sandeep Alva, while the seller is Teri D. Kane.
This sale represents a significant transaction in the agricultural property market of Lake Worth, FL. Sandeep Alva successfully acquired the property for a price of $7,000,000, with a total square footage of 12,012. This equates to a price per square foot of $582. Teri D. Kane acted as the seller in this deal.
Players
Wellington Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93