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Ryan R. Marshall Acquires D...

Updated Dec 4, 2024

Ryan R. Marshall Acquires Development Site In Lake County For $90M
SOLDDevelopment Site

Ryan R. Marshall Acquires Development Site In Lake County For $90M

$90,000,000

Building Size

—

Asset Type

Development Site

Closing

Jul 12, 2024

About this deal

AI

The sale involved a development site spanning 549 acres located on Schofield Road in Lake County, Clermont. The transaction amounted to $90,000,000 and facilitated the sale from Doug Bruk of GT USA and Windsor Private Capital to Ryan R. Marshall of Pulte Home Co.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $90,000,000
  • Address: Schofield Road
  • Market: Lake County, Clermont
  • Asset Type: Development Site
  • Acres: 549

James Dowd of Dowd Properties served as the broker in the deal, representing the buyer and seller. The sale of the 549-acre site in Lake County's Wellness Way corridor to Pulte Home Co. and Jen Florida 55 will pave the way for nearly 1,500 homes to be developed, addressing the housing demand in the rapidly growing area adjacent to Orange County's Horizon West region.

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Players

James Dowd

Dowd Properties

Broker

$90M

vol

1 deal

Broker
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Market 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

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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