Worth Capital Holdings 101 LLC Acquires Retail Property In Wellington For $16M
SOLD
$16,000,000
Florida
See Similar DealsRetail46,848 SF
Sold
SOLD
Worth Capital Holdings 101 LLC Acquires Retail Property In Wellington For $16M
13501 South Shore Boulevard, Wellington, Florida 33414, United States
See Similar DealsRetail46,848 SF
Sold
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$341
Total Square Footage:46848 SF
Transaction Type:Sale
The retail property located at 13501 South Shore Blvd in Wellington has been sold. The property spans 5.2 acres and was sold for a total price of $16,000,000. It offers a total square footage of 46,848, resulting in a price per square foot of $342. The transaction took place on May 17, 2022.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $16,000,000
- Address: 13501 South Shore Blvd, Wellington
- Market: Wellington
- Acres: 5.2
Worth Capital Holdings 101 LLC, represented by Charles Rusty Holzer, acted as the buyer in this transaction. The seller was Equestrian Sport Productions.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$853,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,844.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,848.16
Annual Debt Service$910,177.95
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