Eitan Holder, Moshe Genet, Ben Genet, David Garfinkle & Craig Sternberg Acquire Industrial Property For $20.5M In Ormond Beach & Port Orange
$20,500,000
$55/SF
Building Size
369,888 SF
Asset Type
Industrial
Closing
Oct 4, 2023
AI
The industrial property located in Ormond Beach & Port Orange has been sold. The property spans a total of 184,944 square feet, with a price per square foot of $111. The transaction took place on October 4, 2023, and the sale price amounted to $20,500,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $20,500,000
- Size: 184,944 square feet
- Price per Square Foot: $111
The deal involved several buyers, namely Eitan Holder, Moshe Genet, Ben Genet, David Garfinkle, and Craig Sternberg. Their purchase of the industrial property highlights their interest in the Ormond Beach & Port Orange market. Their collective involvement demonstrates a significant investment in the industrial sector, indicating their confidence in the potential for growth and return on investment.
Players
Market 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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93