Robert Clausen - Clausen Properties Inc Acquires 0.75 Acres Of Land In Marco Island For $11M
1071 S Barfield Dr
$11,000,000
Building Size
—
Asset Type
Land
Closing
Feb 28, 2023
About this deal
AI
The property involved in this closed transaction is a land located at 1071 S Barfield Dr in Marco Island. The land measures approximately 0.75 acres.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $11,000,000
- Market: Marco Island
The buyer's representative in this transaction was Robert Clausen from Clausen Properties Inc. On the other hand, Jim Prange from Premier Sotheby's International Realty represented the seller.
The land sale at 1071 S Barfield Dr in Marco Island, Florida sold for $11M in 2023. 1071 S Barfield Dr is classified as Land on Traded. James "Jim" Prange, Sotheby's International Realty appear on the sale alongside Sotheby's International Realty. This page is the Marco Island, Florida file for the 1071 S Barfield Dr land sold: pricing, party profiles, and other closed land comps from the same Marco Island sit in the Market section below. Filter that Marco Island land set by closing date to see what else sold near 1071 S Barfield Dr around 2023. Published consideration for 1071 S Barfield Dr is $11M, dated 2023. Cite this Robert Clausen - Clausen Properties Inc Acquires 0.75 Acres Of Land In Marco Island For $11M sale when underwriting similar land product around Marco Island, Florida.
Marco Island Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93