Weingarten Realty Investors Acquires Retail Property In Wellington For $35.5M
2803 South State Road 7, Wellington, FL, USA
$35,500,000
$98/SF
Building Size
361,548 SF
Asset Type
Retail
Closing
Mar 18, 2020
AI
The retail property located at 2803 South State Road 7 in Wellington has been sold in a recent transaction. The property covers a total area of 361,548 square feet and is situated in a prominent location in the Wellington market.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $35,500,000
- Price Per Square Foot: $98
- Date: 03/19/2020
The buyer of the property is Weingarten Realty Investors, represented by Andrew M. Alexander. On the other hand, the seller is W & W V LLC, represented by James Ward. This transaction highlights the involvement of key individuals and companies in the deal.
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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93