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Imagine School At North Port Inc. Acquires Development Site From Forest Plaza LLC For $2.1M

Property Image
SOLD
$2,100,000
Tony Veldkamp
Matt Fenske

Florida

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Development Site
Sold 07/31/2025
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Property Image
SOLD

Imagine School At North Port Inc. Acquires Development Site From Forest Plaza LLC For $2.1M

1700 East Price Boulevard

See Similar Deals
Development Site
Sold 07/31/2025
Tony Veldkamp
Matt Fenske
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Development Site
Transaction Type:Sale

The property involved in this transaction is a development site located at 1700 East Price Boulevard, North Port. The sale price for the property was $2,100,000. Imagine School at North Port Inc. acquired four parcels of land where plans are in place to construct a new consolidated campus to replace its two existing sites on Toledo Blade Boulevard.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $2,100,000
  • Buyer: Imagine School at North Port Inc.
  • Seller: Forest Plaza LLC
  • Brokers: Tony Veldkamp & Matt Fenske - SVN Commercial Advisory Group
  • Land clearing has begun ahead of a planned September groundbreaking.

This transaction involved brokers Tony Veldkamp and Matt Fenske from SVN Commercial Advisory Group, who represented Forest Plaza LLC in the sale. The new campus aims to centralize Imagine School at North Port's operations.

Players

Tony Veldkamp
SVN
Tony Veldkamp
6 deals$31.1M volume
BROKER
Matt Fenske
SVN
Matt Fenske
4 deals$15.6M volume(941) 773-9984
BROKER

Details

SOLD
IMAGE: Matt Fenske & Tony Veldkamp DATE: 07/31/2025 ADDRESS: 1700 East Price Boulevard MARKET: North Port ASSET TYPE: Development Site BUYER: Imagine School at North Port Inc. SELLER: Forest Plaza LLC BROKERS: Tony Veldkamp & Matt Fenske (@Commercialrealestate_fl) - SVN Commercial Advisory Group (@SVN_CommercialPartners) SALE PRICE: $2,100,000 NOTE: Imagine School at North Port paid $2.1M for four parcels at 1700 E. Price Blvd., where it will build a new consolidated campus to replace its two existing Toledo Blade Boulevard sites. SVN Commercial Advisory Group’s Tony Veldkamp and Matt Fenske brokered the sale from Forest Plaza LLC, with land clearing already underway ahead of a September groundbreaking.

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

$112,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86