VI Investments Acquires Retail Property In Debary, FL For $5.3M
2 N Charles Richard Beall Blvd
$5,325,000
$83/SF
Building Size
63,689 SF
Asset Type
Retail
Closing
Feb 7, 2023
About this deal
AI
The retail property located at 2 N Charles Richard Beall Blvd in Debary, FL has been sold for a total price of $5,325,000. The property spans across 63,689 square feet, resulting in a price per square foot of $84.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,325,000
- Address: 2 N Charles Richard Beall Blvd, Debary, FL
- Market: Debary, FL
VI Investments, represented by Alton Darby, acted as the buyer in the transaction, while Stafford Dev, represented by Chad Tullos, served as the seller. The deal was facilitated by Jacob Baruch, Daniel Baruch, and Max Yardeni of Legacy Realty Group Advisors.
On the Map
$5,325,000
$83/SF
Retail
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Players
Market 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
2.98%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93