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
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
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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