Aaron Baum Acquires Retail Property In Lake Worth For $2.075M
2930 10th Avenue North
$2,075,000
$306/SF
Building Size
6,762 SF
Asset Type
Retail
Closing
Dec 1, 2023
AI
A retail property located at 2930 10th Avenue North in Lake Worth has been sold in a recent transaction. The property has a total square footage of 6,762 and was sold for a price of $2,075,000. The buyer of the property is Aaron Baum, while the seller is Kenco LLP - Tim Kendall.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,075,000
- Address: 2930 10th Avenue North, Lake Worth
- Market: Lake Worth
- Buyer: Aaron Baum
- Seller: Kenco LLP - Tim Kendall
- Square Footage: 6,762
- Price Per Square Foot: $307
This transaction demonstrates the active real estate market in Lake Worth. Aaron Baum successfully acquired the retail property from Kenco LLP - Tim Kendall, further highlighting Baum's presence in the local market.
Players
Palm Springs 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
7.64%
Cash-on-Cash
-2.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93