Faris Lee Represents Buyer In Lake Worth Retail Sale
6244 Lake Worth Blvd, Lake Worth, TX 76135, USA
Building Size
13,548 SF
Asset Type
Office
Closing
Aug 25, 2020
About this deal
AI
Located at 6244 Lake Worth Blvd in Lake Worth, this retail property was recently sold in a closed transaction. The property spans an area of 13,548 square feet, making it a significant asset in the market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 6244 Lake Worth Blvd
- Market: Lake Worth
The seller's representative in this transaction was Brian Pfohl from CBRE, a reputable real estate agency. On the other hand, the buyer was represented by Shaun Riley and Nick Miller from Faris Lee. Their expertise and industry knowledge must have played a crucial role in facilitating this successful deal.
Players
Fort Worth Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93