Aaron Baum Acquires Retail Property In Lake Worth For $2.075M
SOLD
$2,075,000
Florida
See Similar DealsRetail6,762 SF
Sold 12/01/2023
SOLD
Aaron Baum Acquires Retail Property In Lake Worth For $2.075M
2930 10th Avenue North
See Similar DealsRetail6,762 SF
Sold 12/01/2023
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$306
Total Square Footage:6,762 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$110,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,372.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,836.56
Annual Debt Service$118,038.70
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