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405 North Charles Street

Helen Brierley & Daniel McGanty Sell Industrial Property In Daytona Beach For $1.9M
SOLDIndustrial

Helen Brierley & Daniel McGanty Sell Industrial Property In Daytona Beach For $1.9M

405 North Charles Street

$1,900,000

$51/SF

Building Size

37,175 SF

Asset Type

Industrial

Closing

Jul 2, 2024

AI

The industrial property located at 405 North Charles Street in Daytona Beach was sold for $1,900,000. Spanning 37,175 square feet, the asset was acquired at a price per square foot of $51.

Summary of transaction details:

The deal was facilitated by a team of brokers from APEX Capital Realty, namely Felipe Escobar, Yoni Sunshine, and Nick Hernandez. Juda Hersh, representing Hersh Equity Group, successfully acquired the industrial property from sellers Helen Brierley and Daniel McGanty in Daytona Beach.

Players

Felipe Escobar

APEX Capital Realty

Broker

$52.9M

vol

16 deals

Broker

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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93