Small Investor Offering - Office Condo For Sale

Office for Sale
Sale Pending
Catylist Listing ID: 30011929
Property Subtypes: Office Building
Status: Pending
Condo? Yes
Building Size (RSF): 1,827 SF
Gross Building Area: See Agent
Gross Land Area: 1,827 SF
Sale Price: $404,210
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Hand Avenue Centre
Sale Terms: Cash to Seller
Cap Rate: 9.5%
Last Updated: 5/14/2019

Overview / Comments

Small Investor Offering - Hand Avenue Office Condo.
Long term tenant since 2004. Lease expires 1/31/2022.
$38,400 Annual Base Rent.
9.5% Cap Rate.
Condo Association handles all building and grounds maintenance.
Great to add to your investment portfolio!
Convenient Hand Avenue location between Clyde Morris Boulevard and Nova Road.
Building and Monument Signage.
Approximately 2.8 miles to Florida Hospital Memorial Medical Center, 4 miles to Tanger Outlets, and 6.4 miles to Daytona International Speedway.

Located on the south side of Hand Avenue between Nova Road and Clyde Morris Boulevard.

Attachments & Media

Additional Details

Nearest MSA: Deltona-Daytona Beach-Ormond Beach
County: Volusia
Tax ID/APN: 4229-11-00-000Q
Is Condo?: Yes
Number of Stories: 1
Year Built: 2004

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,761 51,657 107,428
Median Age: 50.28 46.57 44.48
Households: 6,069 23,166 48,302


Photograph of Listing Agent

John W. Trost, CCIM

SVN | Alliance Commercial Real Estate Advisors
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