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

Property Image
SOLD
$17,850,000
William Rollins Jr
Christi Pritchett

Florida

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Land
Sold 06/16/2024
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Property Image
SOLD

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

175 Kings Highway

See Similar Deals
Land
Sold 06/16/2024
William Rollins Jr
Christi Pritchett
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Land
Transaction Type:Sale

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
William Rollins Jr
2 deals$117.9M volume(239) 489-4066
BROKER
Christi Pritchett
LSI Companies
Christi Pritchett
1 deal$17.9M volume(941) 916-9525
BROKER

Details

SOLD
IMAGE: 06/16/2024 ADDRESS: 175 Kings Highway MARKET: Port Charlotte ASSET TYPE: Land ~ ACRES: 195 BUYER: Repag Accounting Group BROKERS: Christi Pritchett & William Rollins - LSI Companies SALE PRICE: $17,850,000 NOTE: A 195-acre property in Punta Gorda sold for $17.85 million to TEG 175 Kings Highway LLC, linked to Repag Accounting Group. LSI Cos. brokered the deal, marking Repag's second major purchase in the area this year.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$952,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$63,417.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$84,618.11
Annual Debt Service$1,015,417.28