SOLD
United States Polo Association Acquires 161 Acres Of Land In Wellington From Mark Bellissimo For $95M
12560 35th Street South, Wellington, Florida 33414, United States
$95,000,000
Building Size
—
Asset Type
—
Closing
Jun 13, 2022
AI
The property involved in this transaction is a land located at 12560, 12580, 12600 & 12800 35th Street South, 3667 120th Avenue South in Wellington. The land spans approximately 161 acres.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $95,000,000
- Date: 06/14/2022
- Buyer: United States Polo Association - Stewart Armstrong
- Seller: Mark Bellissimo
- Market: Wellington
The buyer in this transaction is the United States Polo Association, represented by Stewart Armstrong. The seller is Mark Bellissimo.
Players
West Palm Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93