Updated Dec 21, 2023
Karis Acquires 67-Acre Development Site In Daytona Beach For $18M
1094 South Williamson Boulevard, Daytona Beach, Florida 32114, United States
$18,000,000
$23/SF
Building Size
777,200 SF
Asset Type
Development Site
Closing
Oct 17, 2022
About this deal
AI
Located in Daytona Beach, the development site at 1094 S. Williamson Blvd has recently been sold in a transaction. Covering an area of approximately 67 acres, this property presents a great opportunity for future development.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $18,000,000
- Address: 1094 S. Williamson Blvd, Daytona Beach
- Market: Daytona Beach
- Seller: John Schnebly & Craig Wells
- Buyer: Karis
- Brokers: David Perez, Taylor Zambito & Matthew Trone - Cushman & Wakefield
- Image: David Perez, Taylor Zambito & Matthew Trone
- Date: 10/18/2022
- Asset Type: Development Site
- Acres: 67
Leading the transaction were brokers from Cushman & Wakefield, specifically David Perez, Taylor Zambito, and Matthew Trone. Their expertise and negotiation skills played a crucial role in facilitating the sale of this development site.
Players
Daytona Beach Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Matthew (Matt) Trone to view all their deals.
Browse Florida development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93