Updated Aug 22, 2025
Imagine School At North Port Inc. Acquires Development Site From Forest Plaza LLC For $2.1M
1700 East Price Boulevard
$2,100,000
Building Size
—
Asset Type
Development Site
Closing
Jul 31, 2025
About this deal
AI
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
North Port Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93