Miller Family Trust Acquires Retail Property In Deltona, FL For $11.5M
605 Courtland Boulevard, Deltona, FL 32738, USA
$11,500,000
$236/SF
Building Size
48,663 SF
Asset Type
Retail
Closing
Aug 19, 2020
AI
The retail property located at 605 Courtland Blvd in Deltona, FL has been sold in a recent transaction. The property spans a total area of 48,663 square feet and was sold for a price of $11,500,000. The sale price per square foot comes out to be $236. The transaction took place on August 19, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $11,500,000
- Address: 605 Courtland Blvd, Deltona, FL
- Market: Deltona, FL
The buyer of the property is the Miller Family Trust, while the seller is Global Fund Investments. The transaction was facilitated by the brokers Anthony Blanco and Mallory Silva from TSCG.
Players
Deltona 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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93