ORF VII Sunshine Plaza LLC Acquires Retail Property In South Daytona For $15.9M
2400 South Ridgewood Avenue, South Daytona, FL, USA
$15,900,000
$56/SF
Building Size
280,000 SF
Asset Type
Retail
Closing
Oct 26, 2021
About this deal
AI
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.
Players
South Daytona 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
1.00%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93