United States Polo Association Acquires 161 Acres Of Land In Wellington From Mark Bellissimo For $95M
SOLD
$95,000,000
Florida
See Similar DealsSold 06/14/2022
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
See Similar DealsSold 06/14/2022
Summary
FLORIDA
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$337,514.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$450,348.47
Annual Debt Service$5,404,181.60
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