Chandaris Investment LLC Acquires Industrial Property In Wellington For $14.15M
3125 Fortune Way, Wellington, FL, USA
$14,150,000
$177/SF
Building Size
79,532 SF
Asset Type
Industrial
Closing
May 17, 2020
AI
Located in Wellington, the industrial property at 3125 Fortune Way was recently sold for a total of $14,150,000. The property spans a total area of 79,532 square feet and is situated on approximately 4.3 acres of land. With a price per square foot of $178, the sale price translates to an average of $3,290,698 per acre.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $14,150,000
- Address: 3125 Fortune Way, Wellington
- Market: Wellington
- Buyer: Chandaris Investment LLC - Alejandra Jaramillo Gomez
- Seller: Pine Plaza Properties LLC - Stephen Cooperman
- Brokers: Greg Miller, Scott O'Donnell, Dominic Montazemi, Mike Ciadella, Miguel Alcivar & Jason Hochman - Cushman & Wakefield; Kirk Nelson & Robert Smith - CBRE
The deal involved several key individuals and companies. The buyer, Chandaris Investment LLC, was represented by Alejandra Jaramillo Gomez. On the seller's side, Pine Plaza Properties LLC acted under the guidance of Stephen Cooperman. The transaction was facilitated by a team of brokers, including Greg Miller, Scott O'Donnell, Dominic Montazemi, Mike Ciadella, Miguel Alcivar, and Jason Hochman from Cushman & Wakefield, as well as Kirk Nelson and Robert Smith from CBRE.
Players
Wellington Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.12%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93