Helen Brierley & Daniel McGanty Sell Industrial Property In Daytona Beach For $1.9M
SOLD
Florida
See Similar DealsIndustrial37,175 SF
Sold 07/02/2024
SOLD
Helen Brierley & Daniel McGanty Sell Industrial Property In Daytona Beach For $1.9M
405 North Charles Street
See Similar DealsIndustrial37,175 SF
Sold 07/02/2024
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$51
Total Square Footage:37,175 SF
Transaction Type:Sale
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:
- Property Type: Industrial
- Transaction Amount: $1,900,000
- Buyer: Juda Hersh - Hersh Equity Group
- Seller: Helen Brierley & Daniel McGanty
- Brokers: Felipe Escobar, Yoni Sunshine & Nick Hernandez - APEX Capital Realty
- Market: Daytona Beach
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$101,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63
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