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Dennis Albaugh Acquires 4.32 Acres Of Land In Marco Island For $10.7M

Property Image
SOLD
$10,749,000
Nikki Prange-Carroll
Chris Sullivan
James "Jim" Prange

Florida

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Sold 04/12/2022
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Property Image
SOLD

Dennis Albaugh Acquires 4.32 Acres Of Land In Marco Island For $10.7M

Marco Island, Florida, United States

See Similar Deals
Sold 04/12/2022
Nikki Prange-Carroll
Chris Sullivan
James "Jim" Prange
the dealplayerscompscontact
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Summary

FLORIDA
Transaction Type:Sale

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

James "Jim" Prange
Sotheby's International Realty
James Prange
4 deals$35.7M volume(239) 595-0701
BROKER
Nikki Prange-Carroll
Sotheby's International Realty
Nikki Prange-Carroll
2 deals$22.6M volume
BROKER
Chris Sullivan
Re/Max
Chris Sullivan
10 deals$55.1M volume(239) 404-5548
BROKER

Details

SOLD
IMAGE: Nikki Prange-Carroll, Jim Prange & Chris Sullivan DATE: 04/12/2022 MARKET: Marco Island ASSET TYPE: Land ~ ACRES: 4.32 BUYER: Dennis Albaugh BUYER'S REP: Jim Prange & Nikki Prange-Carroll - Premier Sotheby’s International Realty SELLER'S REP: Chris Sullivan - Re/Max Affinity Plus SALE PRICE: $10,749,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$573,280.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$38,188.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,955.74
Annual Debt Service$611,468.93