Northpath Investments Acquires Retail Property In Holly Hill, FL For $10.3M
1541 N Nova Rd, Holly Hill, FL 32117, United States
$10,300,000
$87/SF
Building Size
118,000 SF
Asset Type
Retail
Closing
Jan 18, 2022
AI
The retail property located at 1541 N Nova Rd in Holly Hill, FL has been sold for a price of $10,300,000. The transaction took place on January 19, 2022. The property spans 118,000 square feet, resulting in a price per square foot of $87.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $10,300,000
- Address: 1541 N Nova Rd, Holly Hill, FL
- Market: Holly Hill, FL
- Buyer: Northpath Investments - Gershon Alexander
- Seller: The Jaffe Company
- Brokers: Michael Cleeman & Zach Regenstein - Cleeman Realty Group
Gershon Alexander, representing Northpath Investments, and the Cleeman Realty Group, represented by Michael Cleeman and Zach Regenstein, facilitated the sale of this retail property.
Players
Daytona Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93