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2455 W International Speedw...

Lamar Cos And Real Capital Solutions Acquire Retail Property In Daytona Beach For $12.2M
SOLDRetail

Lamar Cos And Real Capital Solutions Acquire Retail Property In Daytona Beach For $12.2M

2455 W International Speedway Blvd, Daytona Beach, FL, USA

$12,200,000

$59/SF

Building Size

204,185 SF

Asset Type

Retail

Closing

Sep 14, 2021

AI

The retail property located at 2455 W International Speedway Blvd in Daytona Beach has been sold for a price of $12,200,000. The property spans approximately 204,185 square feet, resulting in a price per square foot of $60. The transaction took place on September 14, 2021.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $12,200,000
  • Address: 2455 W International Speedway Blvd
  • Market: Daytona Beach
  • SF: 204,185
  • PPSF: $60

The buyers of the property are Lamar Cos and Real Capital Solutions, while the seller is Real Capital Solutions. The transaction was facilitated by brokers Whitaker Leonhardt, Tommy Isola, Coler Yoakam, and Brad Peterson from JLL Capital Markets.

Players

Tommy Isola

Colliers

Broker

$269.7M

vol

16 deals

Broker
Real Capital Solutions (RCS)
Real Capital Solutions (RCS)Seller

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

1.30%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93