Marcus & Millichap Brokers $8.4M Sale Of Ocean Village Square In New Smyrna Beach
4154 South Atlantic Avenue
$8,400,000
$138/SF
Building Size
60,631 SF
Asset Type
Retail
Closing
Jul 9, 2025
AI
The transaction involves a retail property located at 4154-4198 South Atlantic Avenue in New Smyrna Beach. The asset spans 9 acres and consists of 60,631 square feet of retail space. The sale price for the Ocean Village Square shopping center, which is anchored by Dollar General, was $8,400,000, resulting in a price per square foot of $139.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,400,000
- Square Footage: 60,631
- Address: 4154-4198 South Atlantic Avenue
- Market: New Smyrna Beach
- Acres: 9
- Brokers: David Vaughan & Ray Turchi - Marcus & Millichap
David Vaughan and Ray Turchi represented a Central Florida-based private investor in this acquisition. Marcus & Millichap facilitated the transaction, highlighting their involvement in the brokerage of this retail property sale.
Players
New Smyrna 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
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93