Mike St John Acquires Industrial Property In Port Orange For $6.79M
406 Oak Place
$6,790,000
$169/SF
Building Size
40,000 SF
Asset Type
Industrial
Closing
Sep 23, 2022
AI
Located at 406 Oak Place in Port Orange, an industrial property encompassing 40,000 square feet was recently sold for $6,790,000. This transaction was facilitated by Alexander Harrold and Samuel Tobias, representing the seller and buyer respectively. Alexander Harrold, from Matthews Real Estate Investment Services, acted as the seller's representative in the deal. The property, which was purchased by Mike St John, features a price per square foot of $170.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,790,000
- Address: 406 Oak Place, Port Orange
- Market: Port Orange
- Buyer: Mike St John
- Seller: Martin Segal
- Buyer's Representative: Samuel Tobias
- Seller's Representative: Alexander Harrold - Matthews Real Estate Investment Services
- Square Footage: 40,000
- Price Per Square Foot: $170
This transaction showcases the successful collaboration between the buyer, Mike St John, and their representative, Samuel Tobias. On the other side, Martin Segal entrusted the sale of the property to Alexander Harrold, who serves as a broker at Matthews Real Estate Investment Services.
Players
Port Orange 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
2.34%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93