Twenty Lake Holdings Purchases 4050 Lake Center Dr Evesham For $11 Million With Seller's Rep John Howley
4050 Lake Center Dr, Evesham Towns...
$11,000,000
$125/SF
Building Size
88,000 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property asset involved in the transaction is located at 4050 Lake Center Dr, Evesham Towns. It has a market value in Helena and features a total area of 88,000 square feet. The transaction was completed for a price of $11,000,000.00.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: $11,000,000.00
- Address: 4050 Lake Center Dr, Evesham Towns
- Square Footage: 88,000
- Market: Helena
- Seller's Representative: John Howley - NKF Capital Markets
- Buyer: Twenty Lake Holdings
John Howley of NKF Capital Markets represented the seller in this transaction. The buyer was identified as Twenty Lake Holdings, which was involved in the deal alongside the seller's representative.
Players
Helena Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93