Jason Shinn Acquires Multifamily Property In Wellington For $5.85M
SOLD
$5,850,000
Florida
See Similar DealsMultiFamily5,908 SF
Sold 03/19/2021
SOLD
Jason Shinn Acquires Multifamily Property In Wellington For $5.85M
12446 Cypress Island Way, Wellington, FL, USA
See Similar DealsMultiFamily5,908 SF
Sold 03/19/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$990
Total Square Footage:5,908 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$312,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,783.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,731.98
Annual Debt Service$332,783.81
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