SOLDLand
Dipak Patel Purchases Land For $1.65M In North Port With Broker Taj Patel Of GPT Commercial
4251 Aidan Ln
$1,650,000
$15/SF
Building Size
109,951 SF
Asset Type
Land
Closing
Jul 31, 2026
About this deal
AI
The transaction involved a shovel-ready hotel development site located at 4251 Aidan Ln in North Port. The land, fully approved for a 100-room Holiday Inn Express, sold for $1,650,000. This site encompasses 109,951 square feet, translating to a price per square foot of $15.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,650,000
- Buyer: Dipak Patel
- Seller: Anthony Dubbaneh
- Broker: Taj Patel - GPT Commercial
Both buyer and seller were represented by Taj Patel from GPT Commercial, highlighting the agency's capability in sourcing and closing 100% off-market transactions swiftly. The deal showcases the potential of hospitality opportunities that often do not appear on the open market.
Players
North Port 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93