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Karl Mistry Of Toll Brothers Purchases 122.5 Acres From William J. Maracci For $21.65M

Property Image
SOLD
$21,650,000

Minnesota

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Sold 05/07/2026
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Property Image
SOLD

Karl Mistry Of Toll Brothers Purchases 122.5 Acres From William J. Maracci For $21.65M

9400 S. Military Trail & 9400 South Military Trail

See Similar Deals
Sold 05/07/2026
the dealplayerscompscontact
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Summary

MINNESOTA
Transaction Type:Sale

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.

Players

KM
Toll Brothers
Karl Mistry
1 deal$21.7M volume
BROKER
KM
Toll Brothers
Karl Mistry
1 deal$21.7M volume
BUYER

Details

SOLD
IMAGE: Karl Mistry DATE: 05/07/2026 ADDRESS: 9302 & 9400 South Military Trail MARKET: Boynton Beach, FL ASSET TYPE: Commercial ~ ACRES: 122.5 BUYER: Karl Mistry - Toll Brothers SELLER: William J. Maracci - True Shot LLC SALE PRICE: $21,650,000 ACRES: 122.5 ~ PPA: $176,735 NOTE: True Shot LLC, managed by William J. Maracci, sold the 122.5-acre former Cypress Creek Golf Course at 9302 and 9400 S. Military Trail for $21.65 million to Arroyo Capital Management acting as a land bank for Toll Brothers. The buyer has a home lot option agreement tied to plans for a 152-home residential redevelopment following county approval of the project.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,154,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$76,917.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$102,632.05
Annual Debt Service$1,231,584.54