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816 Saxon Boulevard

Scott Crossman & Daryl Carter Sell Retail Property In Orange City For $15.4M With Broker Brian Carolan
SOLDRetail

Scott Crossman & Daryl Carter Sell Retail Property In Orange City For $15.4M With Broker Brian Carolan

816 Saxon Boulevard

$15,400,000

$89/SF

Building Size

172,079 SF

Asset Type

Retail

Closing

Jan 3, 2020

AI

816 Saxon Blvd. in Orange City has been sold for $15,400,000. This retail property spans 172,079 square feet, resulting in a price per square foot of $89. The sale took place on January 4, 2020. The sellers of the property were Scott Crossman and Daryl Carter, while the broker involved in the transaction was Brian Carolan from Crossman & Co.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $15,400,000
  • Address: 816 Saxon Blvd., Orange City
  • Market: Orange City

Brian Carolan, representing Crossman & Co., played a key role as the broker in this deal.

Players

Brian Carolan

Broker

$15.4M

vol

1 deal

Broker

Daryl J. Carter

Avanath Capital Management

Seller

$1.1B

vol

11 deals

Seller

Orange City 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

1.03%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93