Michael Mccarty Acquires Golf Club In Lake Worth For $9.3M
SOLD
Florida
See Similar DealsOther8,320 SF
Sold 04/29/2022
SOLD
Michael Mccarty Acquires Golf Club In Lake Worth For $9.3M
4404 Charleston St, Lake Worth, Florida 33467, United States
See Similar DealsOther8,320 SF
Sold 04/29/2022
Summary
FLORIDA
Asset Type:Other
Price Per Square Foot:$1,114
Total Square Footage:8,320 SF
Transaction Type:Sale
The golf club located at 4404 Charleston St in Lake Worth has been sold in a recent transaction. The property spans 8,320 square feet and was sold for a price of $9,269,568, resulting in a price per square foot of $1,114. The buyer of the golf club is Michael Mccarty, and the seller is Peter Nanula.
Summary of transation details
- Property Type: Golf Club
- Transaction Amount: $9,269,568
- Address: 4404 Charleston St
- Market: Lake Worth
- Square Footage: 8,320
- Price Per Square Foot: $1,114
- Buyer: Michael Mccarty
- Seller: Peter Nanula
The deal was facilitated by Michael Mccarty's representative from his agency.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$494,376.96
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,932.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,942.48
Annual Debt Service$527,309.78
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