Justin Landau & Geoffrey Karas Acquire Bank/Credit Unions Property In Wellington, FL
151 State Road 7, Wellington, Florida 33411, United States
$4,000,030
$1,139/SF
Building Size
3,512 SF
Asset Type
Retail
Closing
Jun 1, 2022
AI
The bank/credit union located at 151 State Road 7 in Wellington, FL has been sold in a transaction that closed on 06/02/2022. The property spans over 3,512 square feet and was sold at a price of $4,000,030, resulting in a price per square foot of $1,138.
Summary of transaction details:
- Property Type: Bank/Credit Unions
- Transaction Amount: $4,000,030
- Square Footage: 3,512
- Address: 151 State Road 7, Wellington, FL
- Market: Wellington, FL
Justin Landau & Geoffrey Karas have acted as the buyers in this transaction, while Steven C. Voorhees & Bruce L. Tanner were the sellers.
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93