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
About this deal
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.
The commercial sale at 12560 35th Street South, Wellington, Florida 33414, United States in West Palm Beach, Florida sold for $95M in 2022. Named participants on the 12560 35th Street South, Wellington, Florida 33414, United States sale are Mark Bellissimo. This page is the West Palm Beach, Florida file for the 12560 35th Street South, Wellington, Florida 33414, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same West Palm Beach sit in the Market section below. Filter that West Palm Beach commercial set by closing date to see what else sold near 12560 35th Street South, Wellington, Florida 33414, United States around 2022. Published consideration for 12560 35th Street South, Wellington, Florida 33414, United States is $95M, dated 2022. Cite this United States Polo Association Acquires 161 Acres Of Land In Wellington From Mark Bellissimo For $95M sale when underwriting similar commercial product around West Palm Beach, Florida.
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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