Barlington Group Acquires Retail Property From David Ezagui In Lake Worth For $14.48M
7306 Lake Worth Rd
$14,475,000
$185/SF
Building Size
78,078 SF
Asset Type
Retail
Closing
Apr 18, 2022
About this deal
AI
The property asset involved in the transaction is a retail space located at 7306 Lake Worth Rd in the Lake Worth market. The asset was sold for $14,475,000.00 and has a total area of 78,078 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $14,475,000.00
- Address: 7306 Lake Worth Rd
- Market: Lake Worth
- Square Footage: 78,078.0
- Buyer: Barlington Group
- Seller: David Ezagui
- Broker: Tyler Kuhlman
The deal involved Barlington Group as the buyer and David Ezagui as the seller, with Tyler Kuhlman serving as the broker representing the buyer in this transaction.
On the Map
$14,475,000
$185/SF
Retail
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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
1.10%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93