Updated Dec 4, 2024
Arthur J. Rockwell Purchases Industrial Property From Albert F. Campbell For $1.35M In Daytona Beach
405 Loomis Avenue
$1,350,000
$165/SF
Building Size
8,160 SF
Asset Type
Industrial
Closing
Jul 22, 2024
About this deal
AI
The property asset involved in the transaction is an industrial building located at 405 Loomis Avenue in Daytona Beach. The sale price for this asset was $1,350,000, encompassing a total of 8,160 square feet of industrial buildings on a 3.66-acre lot, utilized for Outside Storage.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,350,000
- Square Footage: 8,160
- Address: 405 Loomis Avenue
- Market: Daytona Beach
- Price Per Square Foot: $165
- Buyer: Arthur J. Rockwell
- Seller: Albert F. Campbell
- Broker: Danielle Brennan - Panther Capital Group
The transaction was facilitated by Danielle Brennan from Panther Capital Group, a firm specializing in IOS across the southeastern United States. The firm has access to a large database of off-market properties and represents some of the largest buyers in the industry.
Daytona Beach Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93