Worth Capital Holdings 101 LLC Acquires Retail Property In Wellington For $16M
13501 South Shore Boulevard, Wellington, Florida 33414, United States
$16,000,000
$341/SF
Building Size
46,848 SF
Asset Type
Retail
Closing
May 16, 2022
AI
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.
Players
Wellington Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93