Repag Accounting Group Acquires 195 Acres Land In Port Charlotte For $17.85M
175 Kings Highway
$17,850,000
Building Size
—
Asset Type
Land
Closing
Jun 16, 2024
About this deal
AI
A 195-acre land located at 175 Kings Highway in Port Charlotte was recently sold for $17.85 million. The transaction was facilitated by Christi Pritchett and William Rollins from LSI Companies, representing the buyer, Repag Accounting Group.
Summary of transation details:
- Property Type: Land
- Transaction Amount: $17,850,000
- Address: 175 Kings Highway
- Market: Port Charlotte
- Buyer: Repag Accounting Group
- Brokers: Christi Pritchett & William Rollins - LSI Companies
TEG 175 Kings Highway LLC, associated with Repag Accounting Group, acquired the 195-acre property in Punta Gorda. This purchase marks Repag's second significant investment in the area this year, showcasing their continued interest in expanding their real estate portfolio.
On the Map
$17,850,000
Land
View full map
Players
Punta Gorda Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
Deal FAQ
Browse Punta Gorda land sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.89%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93