Dennis Albaugh Acquires 4.32 Acres Of Land In Marco Island For $10.7M
Marco Island, Florida, United States
$10,749,000
Building Size
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Asset Type
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Closing
Apr 11, 2022
AI
The 4.32-acre land located in Marco Island has been sold for a price of $10,749,000. The transaction took place on 04/12/2022.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $10,749,000
- Market: Marco Island
- Size: 4.32 acres
The buyer of the property is Dennis Albaugh. Representing Dennis Albaugh in this deal are Jim Prange and Nikki Prange-Carroll from Premier Sotheby’s International Realty. On the other hand, Chris Sullivan from Re/Max Affinity Plus acted as the seller's representative.
Players
Marco Island CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93