JLL Acquires Retail Property In Port Orange For $2.7M
3801 S Clyde Morris Blvd, Port Orange, FL 32129, USA
$2,700,000
$28/SF
Building Size
95,940 SF
Asset Type
Retail
Closing
Jun 1, 2020
AI
The retail property located at 3801-3991 S. Clyde Morris Blvd. in Daytona Beach has been successfully sold in a closed transaction. The property, spanning 9,594 square feet, was sold for a price of $2,700,000, resulting in a price per square foot of $281. The sale was facilitated by the brokerage firm JLL, represented by Tarik Bateh, John Krzyminski, Jennifer Swanson, and Max Krzyminski. The seller of the property was Gatlin Development Co.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,700,000
- Square Footage: 9,594
- Price per Square Foot: $281
- Address: 3801-3991 S. Clyde Morris Blvd., Daytona Beach
- Market: Port Orange
The successful transaction of this retail property in Daytona Beach was made possible through the expertise and representation of JLL, with Tarik Bateh, John Krzyminski, Jennifer Swanson, and Max Krzyminski as the dedicated brokers.
Players
Port Orange 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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93