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605 Courtland Boulevard, De...

Miller Family Trust Acquires Retail Property In Deltona, FL For $11.5M
SOLDRetail

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

Anthony Blanco

TSCG (The Shopping Center Group)

Broker

$105M

vol

8 deals

Broker
MT
Miller Family TrustBuyer
GI
Global Fund InvestmentsSeller

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