BTI Partners And Westport Capital Partners Acquire 538 Acres Of Land In South Lake Toho For $28M
SOLD
$28,000,000
New York
See Similar DealsLand
Sold 06/12/2022
SOLD
BTI Partners And Westport Capital Partners Acquire 538 Acres Of Land In South Lake Toho For $28M
South Lake Toho
See Similar DealsLand
Sold 06/12/2022
Summary
NEW YORK
Asset Type:Land
Transaction Type:Sale
The sale of a land property in South Lake Toho has been finalized. The property spans across 538 acres, making it a substantial asset in the area.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $28,000,000
- Market: South Lake Toho
- Buyer: BTI Partners - Noah Breakstone; Westport Capital Partners
- Brokers: Clay Taylor & David Hitchcock - SVN | Saunders Ralston Dantzler
Noah Breakstone, representing BTI Partners, and Westport Capital Partners were the buyers in this transaction. Clay Taylor and David Hitchcock, from SVN | Saunders Ralston Dantzler, acted as the brokers in the deal.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,493,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$99,478.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$132,734.28
Annual Debt Service$1,592,811.42
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