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13560 Indian Mound Road, We...

Good Friday LLC Acquires 35 Acres Of Land In Wellington For $11.4M, Represented By Jonathan Postma & Matt Johnson
SOLD

Good Friday LLC Acquires 35 Acres Of Land In Wellington For $11.4M, Represented By Jonathan Postma & Matt Johnson

13560 Indian Mound Road, Wellington, Florida 33414, United States

$11,400,000

Building Size

Asset Type

Closing

Sep 26, 2022

AI

A 35-acre land located at 13560 Indian Mound Road in Wellington has been sold for $11,400,000. The sale was finalized on 09/27/2022.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $11,400,000
  • Address: 13560 Indian Mound Road
  • Market: Wellington
  • Buyer: Good Friday LLC - Abraham Weissbrod
  • Seller: Andreas Helgstrand - Helgstrand Windsome LLC
  • Buyer's Representative: Jonathan Postma - Coldwell Banker Realty
  • Seller's Representative: Matt Johnson - Engel & Völkers
  • Image: Matt Johnson

The buyer, Good Friday LLC represented by Abraham Weissbrod, and the seller, Andreas Helgstrand of Helgstrand Windsome LLC, successfully completed this sale transaction. The buyer's representative in this deal was Jonathan Postma of Coldwell Banker Realty, while the seller was represented by Matt Johnson of Engel & Völkers.

Players

Jonathan Postma

Coldwell Banker

Broker

$334.3M

vol

15 deals

Broker

Abraham Weissbrod

Buyer

$25.4M

vol

2 deals

Buyer

Andreas Helgstrand

Seller

$11.4M

vol

1 deal

Seller

Wellington 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

1.39%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93