ORF VII Sunshine Plaza LLC Acquires Retail Property In South Daytona For $15.9M
SOLD
$15,900,000
Florida
See Similar DealsRetail280,000 SF
Sold 10/26/2021
SOLD
ORF VII Sunshine Plaza LLC Acquires Retail Property In South Daytona For $15.9M
2400 South Ridgewood Avenue, South Daytona, FL, USA
See Similar DealsRetail280,000 SF
Sold 10/26/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$56
Total Square Footage:280,000 SF
Transaction Type:Sale
Located at 2400 S. Ridgewood Ave in South Daytona, this retail property spans across 25 acres. The property was sold on October 26, 2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $15,900,000
- Square Footage: 280,000
- Price per Square Foot: $57
- Address: 2400 S. Ridgewood Ave, South Daytona
- Market: South Daytona
The buyer, ORF VII Sunshine Plaza LLC, acquired the property from the seller, 2400 Ridgewood LLC. The transaction was facilitated by Tim Giambrone & Al Taf from Marcus & Millichap.
Note: No additional information about the deal was provided.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$847,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$56,489.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,374.11
Annual Debt Service$904,489.34
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