Saunders Land Closes $38 Million Sale Of 6458 Acres In Putnam And Marion Counties
$38,000,000
Building Size
—
Asset Type
Land
Closing
Jul 15, 2025
AI
The sale involved 6,458 acres of land, specifically the Star Lake Cattle and Timber and Hills of West Marion, located in Putnam County, Hawthorne, and Marion County, Williston. The transactions represented a total sale price of $38 million, divided into two major deals; a 4,833-acre ranch and timber property in Putnam County sold for $20.3 million, and a 1,625-acre transitional property in Marion County sold for $17.9 million.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $38,000,000
- Address: Star Lake Cattle and Timber & Hills of West Marion
- Market: Putnam County, Hawthorne & Marion County, Williston
- Acres: 6,458
- Broker Representatives: Dean Saunders, Todd Dantzler & Tyler Davis - Saunders Real Estate
Dean Saunders, Todd Dantzler, and Tyler Davis are the brokers representing the sellers in these significant transactions. Their expertise facilitated the closing of two substantial land deals in Florida, encompassing over 6,400 acres collectively.
Players
Market 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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93