Updated Dec 19, 2023
Alexa & Rodrigo Pessoa Acquire Other Agricultural Property In Wellington, FL For $3.5M
4429 Palm Breeze Trail, Wellington, Florida 33414, United States
$3,500,000
$1,277/SF
Building Size
2,739 SF
Asset Type
Industrial
Closing
May 24, 2022
About this deal
AI
A sale transaction was recently completed for an agricultural property located at 4429 Palm Breeze Trl in Wellington, FL. The property spans 2,739 square feet and was sold for a total price of $3,500,000, resulting in a price per square foot of $1,277.
Summary of transaction details
- Property Type: Other Agricultural
- Transaction Amount: $3,500,000
- Buyer: Alexa Pessoa & Rodrigo Pessoa
- Seller: Ellen C Wedge & William J Wedge
- Address: 4429 Palm Breeze Trl
- Market: Wellington, FL
- Square Footage: 2,739
- Price per Square Foot: $1,277
Alexa Pessoa and Rodrigo Pessoa were the buyers in this transaction, while Ellen C Wedge and William J Wedge acted as the sellers. The deal marks a successful sale of the agricultural property in Wellington, FL.
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93