Ormond Holdings LLC Acquires Land On 264 S. Atlantic Ave In Ormond Beach For $2.05M
264 State Highway A1a, Ormond Beach, Florida 32176, United States
$2,050,000
Building Size
—
Asset Type
—
Closing
May 26, 2022
About this deal
AI
The property involved in this transaction is a piece of land located at 264 S. Atlantic Ave in Ormond Beach. The sale took place on 05/27/2022 for a total price of $2,050,000. The buyer of the land is Ormond Holdings LLC. The transaction was facilitated by two brokers, John Haley from Coldwell Banker Premier Properties and John Adams from Adams, Cameron and Co.
Summary of transation details
- Property Type: Land
- Transaction Amount: $2,050,000
- Address: 264 S. Atlantic Ave
- Market: Ormond Beach
John Haley from Coldwell Banker Premier Properties and John Adams from Adams, Cameron and Co. played critical roles as brokers in this deal, representing the buyer and seller respectively. Their expertise and negotiation skills were instrumental in executing a successful transaction for Ormond Holdings LLC.
Players
Ormond Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93