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Whiteview Parkway

Marcus & Millichap Sells 19 Acres Of Land In Palm Coast, Florida For $6.25M
SOLDLand

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

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

David Vaughan

Marcus & Millichap

Broker

$43.5M

vol

8 deals

Broker

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