Updated Mar 11, 2025
Inman Equities Acquires 288-Unit Multifamily Property In Daytona Beach For $29.3M
875 Derbyshire Road, Daytona Beach, FL, USA
$29,300,000
$118/SF
Building Size
247,376 SF
Asset Type
MultiFamily
Closing
Feb 1, 2021
About this deal
AI
The multifamily property located at 875 Derbyshire Rd in Daytona Beach has been sold for a price of $29,300,000. This transaction, which took place on February 2, 2021, involved a total of 288 units. The price per unit was calculated to be $101,736.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $29,300,000
- Address: 875 Derbyshire Rd, Daytona Beach
- Market: Daytona Beach
- Units: 288
- Price per Unit: $101,736
The buyer in this transaction was Inman Equities, represented by Benjamin Inman. On the other side, the seller was Blue Roc Premier, represented by Randy Ferreira. Both parties played key roles in the successful completion of this deal.
On the Map
$29,300,000
$118/SF
MultiFamily
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Players
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
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93