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28450 Tuckers Grade, Punta ...

GreenPointe Holdings Acquires Mixed-Use Property In South Punta Gorda For $16.7M
SOLDMixed-use

GreenPointe Holdings Acquires Mixed-Use Property In South Punta Gorda For $16.7M

28450 Tuckers Grade, Punta Gorda, FL 33950

$16,675,000

$1/SF

Building Size

8,728,988 SF

Asset Type

Mixed-use

Closing

Dec 15, 2021

AI

The sale of a mixed-use property in Charlotte County, South Punta Gorda has been finalized. The property, located at 28450 Tuckers Grade, spans across 560 acres. The transaction took place on December 15, 2021, involving the buyer GreenPointe Holdings and the seller Tuckers Point I Limited Partnership. The sale was facilitated by brokers Margeaux McCarthy, Ashley Bloom, and Ron Zeigler from SVN Commercial Partners. The purchase price for the property was $16,675,000.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $16,675,000
  • Address: 28450 Tuckers Grade
  • Market: Charlotte County- South Punta Gorda
  • Buyer: GreenPointe Holdings
  • Seller: Tuckers Point I Limited Partnership
  • Brokers: Margeaux McCarthy, Ashley Bloom, and Ron Zeigler - SVN Commercial Partners

The sale of this property marks an important milestone for all parties involved. It signifies a significant investment opportunity in the thriving Charlotte County market. The transaction showcases the expertise of brokers Margeaux McCarthy, Ashley Bloom, and Ron Zeigler from SVN Commercial Partners, who successfully facilitated this sale. With this acquisition, GreenPointe Holdings expands its portfolio in the area, positioning themselves for future growth and development opportunities.

Players

Margeaux McCarthy

SVN

Broker

$16.7M

vol

1 deal

Broker
GH
GreenPointe HoldingsBuyer

Punta Gorda Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.95%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93