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
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