Karl Mistry Of Toll Brothers Purchases 122.5 Acres From William J. Maracci For $21.65M
9400 S. Military Trail & 9400 South Military Trail
$21,650,000
Building Size
—
Asset Type
—
Closing
May 7, 2026
About this deal
AI
The commercial asset at 9302 and 9400 South Military Trail spans 122.5 acres and is located in Boynton Beach, FL. This property was sold for a total price of $21,650,000, with a price per acre of $176,735.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $21,650,000
- Address: 9302 & 9400 South Military Trail
- Market: Boynton Beach, FL
- Acres: 122.5
- Price Per Acre: $176,735
- Buyer: Karl Mistry - Toll Brothers
- Seller: William J. Maracci - True Shot LLC
True Shot LLC, managed by William J. Maracci, completed the sale to Arroyo Capital Management, which is acting as a land bank for Toll Brothers. The transaction is linked to future plans for a 152-home residential redevelopment, pending county approval of the project.
On the Map
$21,650,000
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93