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100 Alva Circle

Updated Jan 9, 2026

Kenneth Pasternak Of KABR Group Acquires Multifamily Asset In Daytona Beach For $49M
SOLDMultiFamily

Kenneth Pasternak Of KABR Group Acquires Multifamily Asset In Daytona Beach For $49M

100 Alva Circle

$49,000,000

Units

262

Asset Type

MultiFamily

Closing

Jan 8, 2026

About this deal

AI

The multifamily asset involved in this transaction is the 262-unit Edison Daytona apartment complex located at 100 Alva Circle in Daytona Beach, Florida. The property was purchased for $49 million, translating to approximately $187,023 per unit, and was built in 2022. The acquisition was financed with a fixed-rate Fannie Mae loan of $38.68 million, maturing in 2031.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $49,000,000
  • Units: 262
  • Price Per Unit: $187,023
  • Buyer: Kenneth Pasternak - KABR Group
  • Seller: Chuck Whittall - Unicorp National Developments

KABR Group, represented by Kenneth Pasternak, successfully acquired the property from Chuck Whittall of Unicorp National Developments. This transaction showcases the continued investment in the Daytona Beach market and highlights key players in multifamily property development.

On the Map

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$49,000,000

MultiFamily

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Players

KABR Group
KABR GroupBuyer

Chuck Whittall

Unicorp National Developments

Seller

$672M

vol

10 deals

Seller
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Daytona Beach MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $187K per unit across 262 units on a published $49M (2026).

Visit Chuck Whittall to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.32%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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