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Conrad Carter & Daryl Carter Of Maury L. Carter & Associates Acquire 49.35 Acres In Ocala For $5.7M
SOLDLand

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:

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

Conrad Carter

Maury L. Carter & Associates

Broker

$5.7M

vol

1 deal

Broker

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