Lennar Homes Acquires Land In Wellington For $190M
Southern Blvd, West Palm Beach, Florida 3 3411, United States
$190,000,000
Building Size
—
Asset Type
—
Closing
Apr 18, 2022
About this deal
AI
A land located at Southern Blvd & The L-8 Canal in Wellington has been sold for a whopping price of $190,000,000. The transaction took place on April 19, 2022, and the buyer was Lennar Homes, represented by Stuart Miller. The seller was Freehold Communities.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $190,000,000
- Date: 04/19/2022
- Address: Southern Blvd & The L-8 Canal
- Market: Wellington
Stuart Miller from Lennar Homes acted as the buyer's representative in this deal.
The commercial sale at Southern Blvd, West Palm Beach, Florida 3 3411, United States in West Palm Beach, Florida sold for $190M in 2022. Named participants on the Southern Blvd, West Palm Beach, Florida 3 3411, United States sale are Stuart Miller. This page is the West Palm Beach, Florida file for the Southern Blvd, West Palm Beach, Florida 3 3411, 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 Southern Blvd, West Palm Beach, Florida 3 3411, United States around 2022. Published consideration for Southern Blvd, West Palm Beach, Florida 3 3411, United States is $190M, dated 2022. Cite this Lennar Homes Acquires Land In Wellington For $190M sale when underwriting similar commercial product around West Palm Beach, Florida.
On the Map
$190,000,000
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93