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

Property Image
SOLD
$14,150,000
Scott O'Donnell
Robert Smith
+ 5

Florida

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Industrial79,532 SF
Sold 05/17/2020
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Property Image
SOLD

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

3125 Fortune Way, Wellington, FL, USA

See Similar Deals
Industrial79,532 SF
Sold 05/17/2020
Scott O'Donnell
Robert Smith
+ 5
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$177
Total Square Footage:79,532 SF
Transaction Type:Sale

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
15 deals$142.7M volume(561) 227-1803
BROKER

Miguel Alcivar
Cushman & Wakefield
39 deals$965.1M volume(305) 533-2871
BROKER

Dominic Montazemi
Cushman & Wakefield
90 deals$4.2B volume
BROKER

Jason Hochman
Cushman & Wakefield
28 deals$1B volume
BROKER

Robert Smith
CBRE
17 deals$480M volume
BROKER

Scott O'Donnell
Cushman & Wakefield
32 deals$581M volume
BROKER

Michael (Mike) Ciadella
Cushman & Wakefield
34 deals$590M volume
BROKER

Greg Miller
The Multifamily Group
17 deals$194M volume
BROKER

Details

SOLD
IMAGE: Kirk Nelson, Jason Hochman, Scott O’Donnell, Mike Ciadella, Miguel Alcivar, Greg Miller, Robert Smith & Dominic Montazemi DATE: 05/17/2021 ADDRESS: 3125 Fortune Way MARKET: Wellington ASSET TYPE: Industrial 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 SALE PRICE: $14,150,000 SF: 79,532 ~ PPSF: $178 ACRES: 4.3 ~ PPA: $3,290,698

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$50,271.96
Cash-on-Cash Return-1.27%
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