Weingarten Realty Investors Acquires Retail Property In Wellington For $35.5M
SOLD
$35,500,000
Florida
See Similar DealsRetail361,548 SF
Sold 03/19/2020
SOLD
Weingarten Realty Investors Acquires Retail Property In Wellington For $35.5M
2803 South State Road 7, Wellington, FL, USA
See Similar DealsRetail361,548 SF
Sold 03/19/2020
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$98
Total Square Footage:361,548 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,893,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$126,124.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$168,288.11
Annual Debt Service$2,019,457.34
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