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Wellington, Florida, United...

Worth Capital Holdings Acquires Retail Property In Wellington, FL For $16M
SOLDSingle Family Residence

Worth Capital Holdings Acquires Retail Property In Wellington, FL For $16M

Wellington, Florida, United States

$16,000,000

$1,627/SF

Building Size

9,830 SF

Asset Type

Single Family Residence

Closing

May 18, 2022

AI

Located in Wellington, FL, a retail property was recently sold for a total price of $16,000,000. This property spans a total area of 46,848 square feet, resulting in a price per square foot of $342. The transaction took place on May 19, 2022. The buyer of the property was Worth Capital Holdings, represented by Charles “Rusty” Holzer, who specializes in Equestrian properties.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $16,000,000

Charles “Rusty” Holzer, representing Worth Capital Holdings, played a key role in the sale of this retail property in the Wellington market. His expertise in the Equestrian sector likely played a significant role in the successful completion of this transaction.

Players

Charles Rusty Holzer

Buyer

$49.9M

vol

3 deals

Buyer

Wellington Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · 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