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3125 Fortune Way, Wellingto...

Chandaris Investment LLC Acquires Industrial Property In Wellington For $14.15M
SOLDIndustrial

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

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

Kirk Nelson

CBRE

Broker

$142.7M

vol

15 deals

Broker

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