Updated Dec 21, 2023
Jason Shinn Acquires Multifamily Property In Wellington For $5.85M
12446 Cypress Island Way, Wellington, FL, USA
$5,850,000
$990/SF
Building Size
5,908 SF
Asset Type
MultiFamily
Closing
Mar 18, 2021
About this deal
AI
The multifamily property located at 12446 Cypress Island Way in Wellington was sold on 03/19/2021. The property spans 5,908 square feet and was sold for a total price of $5,850,000, resulting in a price per square foot of $990. The transaction was facilitated by Carol Sollak as the seller's representative. The buyer's representative was Jason Shinn from Triple Crown Real Estate Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,850,000
- Address: 12446 Cypress Island Way
- Market: Wellington
Jason Shinn from Triple Crown Real Estate Group represented the buyer in this transaction, while Carol Sollak represented the seller. The deal showcases the involvement of these key individuals and their respective agencies in the successful sale of the property.
On the Map
$5,850,000
$990/SF
MultiFamily
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Wellington MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.71%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93