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
About this deal
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.
On the Map
$10,300,000
$88/SF
Retail
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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