Updated Oct 12, 2026
Nicol Investment Company Acquires Multifamily Property In Daytona Beach For $68.5M
Tomoka Town Center Drive, Daytona Beach, FL, USA
$68,500,000
$129/SF
Building Size
529,717 SF
Asset Type
MultiFamily
Closing
Dec 1, 2021
About this deal
AI
The multifamily property located at 1310 Tomaka Town Center Dr in Daytona Beach has been sold for a total of $68,500,000. The transaction took place on December 1, 2021, and the property consists of 240 units. With a price per unit of $285,417, this sale represents a significant investment in the Daytona Beach market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $68,500,000
- Address: 1310 Tomaka Town Center Dr
- Market: Daytona Beach
- Units: 240
- Price Per Unit: $285,417
Nicol Investment Company, represented by Grant Nicol, emerged as the buyer in this transaction. They have made a considerable investment in this multifamily property in Daytona Beach. The deal showcases the confidence of Nicol Investment Company in the real estate market and their commitment to expanding their portfolio in the area.
On the Map
$68,500,000
$129/SF
MultiFamily
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Daytona Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93