Marcus & Millichap Sells 19 Acres Of Land In Palm Coast, Florida For $6.25M
$6,250,000
Building Size
—
Asset Type
Land
Closing
Oct 2, 2023
About this deal
AI
Marcus & Millichap has sold 19 acres of land on Whiteview Parkway in Palm Coast, Florida, for $6.25 million. The land is designated for 316 Class-A apartments and is located near Palm Coast Town Center, providing access to various amenities.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $6,250,000
- Address: Whiteview Parkway, Palm Coast, Florida
- Market: Palm Coast
- Asset Type: Land
- Acres: 19
The sale was facilitated by Ray Turchi and David Vaughan from Marcus & Millichap. They served as the brokers in the transaction, representing the parties involved in the sale of the 19-acre land.
Players
Market Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93