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
About this deal
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.
On the Map
$16,675,000
$1/SF
Mixed-use
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Players
Punta Gorda Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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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