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
Daytona Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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