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
About this deal
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.
On the Map
$10,300,000
$87/SF
Retail
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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