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4050 Lake Center Dr, Evesha...

Twenty Lake Holdings Purchases 4050 Lake Center Dr Evesham For $11 Million With Seller's Rep John Howley
SOLDOffice

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

John Howley

NKF Capital Markets

Broker

$11M

vol

1 deal

Broker
TH
Twenty Lake HoldingsBuyer

Helena Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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