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175 Kings Highway

Repag Accounting Group Acquires 195 Acres Land In Port Charlotte For $17.85M
SOLDLand

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

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.

Players

William Rollins Jr

LSI Companies

Broker

$117.9M

vol

2 deals

Broker

Punta Gorda 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

0.89%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93