facebook
Traded Co logo
Submit

Daryl Stair Acquires Retail Property In Lake Worth For $14.75M

Property Image
SOLD
$14,750,000
Cameron Beck
Kim Flores
Eric Williams
+ 2

Florida

See Similar Deals
Retail41,429 SF
Sold 06/06/2022
the dealplayerscompscontact
Property Image
SOLD

Daryl Stair Acquires Retail Property In Lake Worth For $14.75M

5516 State Road 7, Lake Worth, Florida 33414, United States

See Similar Deals
Retail41,429 SF
Sold 06/06/2022
Cameron Beck
Kim Flores
Eric Williams
+ 2
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$356
Total Square Footage:41,429 SF
Transaction Type:Sale

The retail property located at 5516 S State Rd 7 in Lake Worth has been sold for a price of $14,750,000. The transaction took place on 06/06/2022. The property spans a total of 41,429 square feet, resulting in a price per square foot of $356.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $14,750,000
  • Address: 5516 S State Rd 7
  • Market: Lake Worth
  • Square Footage: 41,429
  • Price per Square Foot: $356

The buyer of the property is Daryl Stair, while the seller is David Weinstein, represented by Brefrank. The deal was facilitated by brokers Danny Finkle, Eric Williams, Kim Flores, and Cameron Beck from JLL.

Players

Danny Finkle
JLL
Danny Finkle
57 deals$3.9B volume
BROKER
Eric Williams
Newmark
Eric Williams
52 deals$2.8B volume
BROKER
Kim Flores
JLL
Kim Flores
35 deals$3.2B volume
BROKER
Cameron Beck
JLL
Cameron Beck
15 deals$929.3M volume
BROKER
DS
Daryl Stair
2 deals$19M volume
BUYER

Details

SOLD
IMAGE: Kim Flores, Danny Finkle, Eric Williams & Cameron Beck DATE: 06/06/2022 ADDRESS: 5516 S State Rd 7 MARKET: Lake Worth ASSET TYPE: Retail BUYER: Daryl Stair SELLER: David Weinstein - Brefrank BROKERS: Danny Finkle, Eric Williams, Kim Flores & Cameron Beck - JLL (@JLL) SALE PRICE: $14,750,000 SF: 41,429 ~ PPSF: $356

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$786,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$52,403.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$69,922.53
Annual Debt Service$839,070.30