Updated Oct 12, 2026
BH Group Acquires Development Site In Wellington From Wellington Equestrian Estates For $20.75M
2470 Greenview Cove Drive
$20,750,000
$3/SF
Building Size
6,500,000 SF
Asset Type
Development Site
Closing
Jun 14, 2026
About this deal
AI
The asset involved in this transaction is a development site located at 2470 Greenview Cove Drive in the market of Wellington. The sale price was set at $20,750,000, and the site spans across 150 acres.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $20,750,000
- Buyer: BH Group
- Seller: Wellington Equestrian Estates
- Seller's Representative: Sandy Nadler - Balavaan Realty
- Strategic Advisor: MAGI Capital Group
- Acres: 150
The seller's representative, Sandy Nadler of Balavaan Realty, played a crucial role in the transaction by bringing both parties together and assisting in structuring seller financing, which facilitated the successful closing of the deal.
On the Map
$20,750,000
$3/SF
Development Site
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Players
Wellington Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93