Conrad Carter & Daryl Carter Of Maury L. Carter & Associates Acquire 49.35 Acres In Ocala For $5.7M
$5,700,000
Building Size
—
Asset Type
Land
Closing
Nov 7, 2024
AI
The sale involves 49.35 acres of land located north of Hwy 484, west of Exit 341 on Interstate 75 in the Ocala market, with a sale price of $5,700,000. The property has entitlements for various commercial uses, which supports its potential development as the area attracts investment in residential, retail, and industrial sectors.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $5,700,000
- Buyer: Conrad Carter & Daryl Carter - Maury L. Carter & Associates
- Seller: Marco Polo Builders Inc
- Buyer's Representative: Conrad Carter & Daryl Carter - Maury L. Carter & Associates
- Seller's Representative: Bartow McDonald IV, Stiles McDonald & Matthew Garff - SVN McDonald & Company
This acquisition is part of Daryl Carter's investment strategy targeting high-growth areas. The team from Maury L. Carter & Associates played a pivotal role in representing the buyers in this transaction, while SVN McDonald & Company represented the seller in the deal.
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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93