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

Property Image
SOLD
$5,700,000
Daryl Carter
Bartow McDonald IV
+ 2

National

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Land
Sold 11/07/2024
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Property Image
SOLD

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

Land
Sold 11/07/2024
Daryl Carter
Bartow McDonald IV
+ 2
Contact now

Summary

Asset Type:Land
Transaction Type:Sale

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
1 deal$5.7M volume(407) 422-3144
BROKER

Daryl Carter
Maury L. Carter & Associates
3 deals$150M volume(407) 581-6205
BROKER

Bartow McDonald IV
SVN
2 deals$5.7M volume(352) 274-3800
BROKER

Stiles McDonald
SVN
1 deal$5.7M volume
BROKER

Matthew Garff
SVN
1 deal$5.7M volume(352) 644-1552
BROKER

Details

SOLD
IMAGE: Stiles McDonald, Daryl Carter, Bartow McDonald IV, Conrad Carter & Matthew Garff DATE: 11/07/2024 ADDRESS: North of Hwy 484, West of Exit 341 on Interstate 75 MARKET: Ocala ASSET TYPE: Land ~ ACRES: 49.35 BUYER: Conrad Carter & Daryl Carter - Maury L. Carter & Associates SELLER: Marco Polo Builders Inc BUYER'S REP: Conrad Carter & Daryl Carter - Maury L. Carter & Associates SELLER'S REP: Bartow McDonald IV, Stiles McDonald & Matthew Garff - SVN McDonald & Company SALE PRICE: $5,700,000 NOTE: Daryl Carter of Maury L. Carter & Associates has acquired 49.35 acres along Hwy 484 in Ocala, FL, for $5.7 million, with entitlements for various commercial uses. The purchase is part of Carter’s strategy to invest in high-growth areas as the region continues to attract residential, retail, and industrial development.

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

$304,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,250.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,020.91
Annual Debt Service$324,250.90