Lake Worth AFL RE LLC & Lake Worth AFL F LLC Acquire Retail Property In Lake Worth For $20.7M
2000 10th Avenue North, Lake Worth, FL, USA
$20,700,000
$425/SF
Building Size
48,657 SF
Asset Type
Retail
Closing
Feb 16, 2021
About this deal
AI
The retail property located at 2000 & 2200 10th Avenue North in Lake Worth has been sold for a price of $20,700,000. The property spans across 17.6 acres, resulting in a price per acre of $1,176,136. The transaction took place on February 17, 2021. The seller of the property is Robert L. Akers, Sr.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $20,700,000
- Address: 2000 & 2200 10th Avenue North, Lake Worth
- Market: Lake Worth
Lake Worth AFL RE LLC & Lake Worth AFL F LLC, represented by Ali Ahmed, were the buyers in this transaction.
NOTE: No additional information is available regarding this sale.
Players
Lake Worth Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93