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Robert Clausen - Clausen Properties Inc Acquires 0.75 Acres Of Land In Marco Island For $11M

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SOLD
$11,000,000

Florida

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Land
Sold 02/28/2023
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SOLD

Robert Clausen - Clausen Properties Inc Acquires 0.75 Acres Of Land In Marco Island For $11M

1071 S Barfield Dr

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Land
Sold 02/28/2023
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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.

Players

James "Jim" Prange
4 deals$35.7M volume(239) 595-0701
BROKER

Details

SOLD
IMAGE: Jim Prange DATE: 02/28/2023 ADDRESS: 1071 S Barfield Dr MARKET: Marco Island ASSET TYPE: Land ~ ACRES: 0.75 BUYER'S REP: Robert Clausen - Clausen Properties Inc SELLER'S REP: Jim Prange - Premier Sotheby's International Realty (@PremierSIR) SALE PRICE: $11,000,000

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Deal Type
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