Updated Oct 29, 2024
Waypoint Real Estate Investments Acquires Daytona Beach Multifamily For $57.1M
Tomoka Town Center, Cornerstone Boulevard, Daytona Beach, FL, USA
$57,100,000
$205/SF
Building Size
278,332 SF
Asset Type
MultiFamily
Closing
Dec 5, 2020
About this deal
AI
The multifamily property located at 1317 Tomoka Town Center Drive in Daytona Beach has recently been sold. The sale was completed on 12/06/2020.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $57,100,000
- Address: 1317 Tomoka Town Center Drive
- Market: Daytona Beach
- Units: 276
- Price Per Unit (PPU): $206,884
Waypoint Real Estate Investments is the buyer of the property. The seller is Tomoka Pointe Housing. The sale was facilitated by Scott Ramey, Erik Bjornson, and Patrick Dufour from Newmark.
On the Map
$57,100,000
$205/SF
MultiFamily
View full map
Players
Daytona Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Scott Ramey to view all their deals.
Browse Florida multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93