Updated Oct 28, 2024
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
About this deal
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.
On the Map
$16,000,000
$1,627/SF
Single Family Residence
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Players
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