Tim Horowitz Acquires Retail Property In Lake Worth From Aaron Baum For $3,017,241
2930 10th Avenue North
$3,017,241
$446/SF
Building Size
6,762 SF
Asset Type
Retail
Closing
Jan 29, 2026
AI
The property asset involved in this transaction is a retail space located at 2930 10th Avenue North within the Lake Worth market. The sale price for this asset was $3,017,241, and it encompasses a total square footage of 6,762, resulting in a price per square foot of $446.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,017,241
- Buyer: Tim Horowitz
- Seller: Aaron Baum
- Buyer & Seller's Representative: Michael Scali - SAB Capital
- Seller's Representative: Aaron Baum - Baum Family Investments
- Date of Transaction: 01/30/2026
This transaction highlights the engagement of key individuals and firms. Tim Horowitz emerged as the buyer, while Aaron Baum was the seller. The representatives involved include Michael Scali, acting on behalf of both the buyer and the seller, and Aaron Baum, who represented himself in this deal through Baum Family Investments.
Players
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
5.26%
Cash-on-Cash
-1.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93