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:
- 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.
Players
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