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12446 Cypress Island Way, W...

Jason Shinn Acquires Multifamily Property In Wellington For $5.85M
SOLDMultiFamily

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

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.

Players

Carol Sollak

Engel & Völkers

Broker

$64.9M

vol

7 deals

Broker

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