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2930 10th Avenue North

Aaron Baum Acquires Retail Property In Lake Worth For $2.075M
SOLDRetail

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

Aaron Baum

Baum Family Investments

Broker

$7.4M

vol

3 deals

Broker
Aaron Baum

Aaron Baum

Buyer

$7.4M

vol

3 deals

Buyer

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