SOLDLand
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
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.
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