Northpath Investments Acquires Retail Property On N Nova Rd In Daytona Beach For $10.3M
852 North Nova Road, Daytona Beach, Florida 32117, United States
$10,300,000
$88/SF
Building Size
116,096 SF
Asset Type
Retail
Closing
Feb 9, 2022
AI
The retail property located at 852 N Nova Rd in Daytona Beach was recently sold for a total price of $10,300,000. The transaction took place on February 10, 2022, and the property spans a total of 116,096 square feet. This equates to a price per square foot of $89.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $10,300,000
- Address: 852 N Nova Rd, Daytona Beach
- Date: February 10, 2022
- Square Footage: 116,096
- Price Per Square Foot: $89
The buyer of this property is Northpath Investments, represented by Gershon Alexander. The broker involved in the transaction is Michael Cleeman from Cleeman Realty Group.
Players
Daytona 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
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93