Dennis Albaugh Acquires 4.32 Acres Of Land In Marco Island For $10.7M
Marco Island, Florida, United States
$10,749,000
Building Size
—
Asset Type
—
Closing
Apr 11, 2022
About this deal
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.
The commercial sale at Marco Island, Florida, United States in Marco Island, Florida sold for $10.7M in 2022. Nikki Prange-Carroll, Chris Sullivan, James "Jim" Prange, Sotheby's International Realty appear on the sale alongside Sotheby's International Realty, Re/Max. This page is the Marco Island, Florida file for the Marco Island, Florida, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Marco Island sit in the Market section below. Filter that Marco Island commercial set by closing date to see what else sold near Marco Island, Florida, United States around 2022. Published consideration for Marco Island, Florida, United States is $10.7M, dated 2022. Cite this Dennis Albaugh Acquires 4.32 Acres Of Land In Marco Island For $10.7M sale when underwriting similar commercial product around Marco Island, Florida.
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