Robert Clausen - Clausen Properties Inc Acquires 0.75 Acres Of Land In Marco Island For $11M
SOLD
$11,000,000
Florida
See Similar DealsLand
Sold 02/28/2023
SOLD
Robert Clausen - Clausen Properties Inc Acquires 0.75 Acres Of Land In Marco Island For $11M
1071 S Barfield Dr
See Similar DealsLand
Sold 02/28/2023
Summary
FLORIDA
Asset Type:Land
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$586,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,080.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,145.61
Annual Debt Service$625,747.34
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