Justin Landau & Geoffrey Karas Acquire Bank/Credit Unions Property In Wellington, FL
SOLD
Florida
See Similar DealsRetail3,512 SF
Sold 06/02/2022
SOLD
Justin Landau & Geoffrey Karas Acquire Bank/Credit Unions Property In Wellington, FL
151 State Road 7, Wellington, Florida 33411, United States
See Similar DealsRetail3,512 SF
Sold 06/02/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,139
Total Square Footage:3,512 SF
Transaction Type:Sale
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
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,334.92
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.18
Annual Debt Service$227,546.20
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