Updated Oct 14, 2026
Asset Realty Construction Group Secures $9.4M Construction Loan For Industrial Property In Ormond Beach, FL
2730 Airport Road
$9,400,000
$92/SF
Building Size
102,000 SF
Asset Type
Industrial
Closing
Mar 29, 2023
About this deal
AI
The property involved in this closed transaction is an industrial asset located at 2730 Airport Road in Ormond Beach, FL. The property spans a total of 102,000 square feet and is owned by Asset Realty Construction Group, represented by Dino Tomassetti. The deal was facilitated by brokers Kathy Anderson and Caillin Boles from Progress Capital.
Summary of Transaction Details:
- Property Type: Industrial
- Transaction Amount: $9,400,000
- Loan Type: Construction
- Loan Terms: 5.80% Fixed Rate Construction Loan
The loan amount for this transaction was $9,400,000 and it was a construction loan. The loan terms include a fixed rate of 5.80%. This financing will support the development and construction of the industrial property at 2730 Airport Road.
On the Map
$9,400,000
$92/SF
Industrial
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Players
Windsor Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.69%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93