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852 North Nova Road, Dayton...

Northpath Investments Acquires Retail Property On N Nova Rd In Daytona Beach For $10.3M
SOLDRetail

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

Michael Cleeman

Cleeman Realty Group

Broker

$185.6M

vol

19 deals

Broker
Gershon Alexander

Gershon Alexander

Northpath Investments

Buyer

$64.1M

vol

6 deals

Buyer

Daytona Beach Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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