Diran Alexanian & Jon C. Sarkisian Acquire Retail Property On Lake Worth Road For $7.85M
6125 Lake Worth Bridge, Lake Worth, FL, USA
$7,850,000
$148/SF
Building Size
52,808 SF
Asset Type
Retail
Closing
Jun 17, 2021
About this deal
AI
The retail property located at 6125 Lake Worth Rd in Lake Worth has been sold in a recent transaction. The property spans over an area of 52,808 square feet and was sold for a price of $7,850,000, resulting in a price per square foot of $149. The sale was completed on June 18, 2021.
Summary of transaction details
- Property Type: Retail
- Sale Price: $7,850,000
- Square Footage: 52,808
- Price per Square Foot: $149
- Address: 6125 Lake Worth Rd
- Market: Lake Worth
The buyers of the property were Diran Alexanian and Jon C. Sarkisian, while the seller was Lake Worth Merchandise Mart LLC.
Players
Lake Worth 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
2.02%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93