Mark Bellissimo Acquires Condo In Wellington From Neil Hirsch For $18M
3410 S Shore Blvd, Wellington, FL, USA
$18,000,000
$75/SF
Building Size
239,580 SF
Asset Type
—
Closing
Jun 2, 2020
About this deal
AI
A condo in Wellington was recently sold for $18,000,000. The transaction took place on 06/02/2021. The condo is situated on 5.5 acres of land, resulting in a price per acre of approximately $3,272,727.
Summary of Transaction Details
- Property Type: Condo
- Transaction Amount: $18,000,000
- Market: Wellington
- Acres: 5.5
- Price Per Acre: $3,272,727
The buyer of the condo was Mark Bellissimo, while the seller was Neil Hirsch of the BlackWatch Polo Team.
The commercial sale at 3410 S Shore Blvd, Wellington, FL, USA in West Palm Beach, Florida sold for $18M in 2020. The building is 239,580 square feet, implying about 75 per square foot on the published price. Named participants on the 3410 S Shore Blvd, Wellington, FL, USA sale are Mark Bellissimo. This page is the West Palm Beach, Florida file for the 3410 S Shore Blvd, Wellington, FL, USA 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 3410 S Shore Blvd, Wellington, FL, USA around 2020. Published consideration for 3410 S Shore Blvd, Wellington, FL, USA is $18M, dated 2020. Cite this Mark Bellissimo Acquires Condo In Wellington From Neil Hirsch For $18M sale when underwriting similar commercial product around West Palm Beach, Florida.
Players
West Palm Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $75 per square foot on a published $18M for 239,580 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93