Karishma Scheid Acquires International Speedway Shoppes Retail Property In Daytona Beach For $14.9M

The property involved in the transaction is a retail asset known as International Speedway Shoppes, located at 2268-2298 West International Speedway Boulevard in Daytona Beach. The sale price was $14,900,000 for a total square footage of 28,070, which results in a price per square foot of $530. The retail property is situated on a 3.87-acre site and comprises three buildings spread across two parcels, featuring national tenancy and a strategically advantageous location near the Daytona International Speedway.

Tarek Chbeir represented both the buyer, Karishma Scheid, and the seller, Ty Lohman, in this transaction, facilitating the sale of the multi-tenant retail property. The deal highlights the involvement of a single broker in representing both parties, showcasing the relationship dynamics within the transaction while ensuring a smooth process throughout the sale.