facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Retail

/

Sale

/

3801 S Clyde Morris Blvd, P...

JLL Acquires Retail Property In Port Orange For $2.7M
SOLDRetail

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

John Krzyminski

Green Towers Realty

Broker

$155.7M

vol

12 deals

Broker

Port Orange 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

5.88%

Cash-on-Cash

-1.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93