Northpath Investments Acquires Retail Property On N Nova Rd In Daytona Beach For $10.3M
SOLD
$10,300,000
Florida
See Similar DealsRetail116,096 SF
Sold 02/10/2022
SOLD
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
See Similar DealsRetail116,096 SF
Sold 02/10/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$88
Total Square Footage:116,096 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$549,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,593.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,827.25
Annual Debt Service$585,927.06
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