Mixed Use Income Property- 100% Leased

Industrial for Sale
Catylist Listing ID: 30133543
Property Subtypes: Flex Space, Mixed Use, Light Industrial, Office Showroom, Other
Building Size (RSF): 14,080 SF
Gross Building Area: See Agent
Gross Land Area: 0.86 Acres
Sale Price: $634,700
Unit Price: $45.08 PSF
Ceiling: 10 ft.
Office SF: 4,000 SF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/17/2017

Overview / Comments

Fully Leased Mixed use property in the heart of Daytona Beach with a true 9% Cap Rate. Consisting of 11 units in 4 buildings, the property is 100% occupied with leases in place. Many of the tenants are on annual leases but all have expressed interest in signing longer term deals. This property had two new roofs and brand new sky lights after the hurricane last year. There is also a brand new 5 ton HVAC system. The building uses are Industrial, Retail and Office with one residential home in the middle of the property. The tenant in the house also serves as property manager. The leasable value of the house is $1,000 per month but the tenant only pays $500 in consideration for the property management. They collect rent and maintain the grounds.
Please do not disturb tenants without authorization from sellers. One of the owners is a licensed real estate broker.

Additional Details

Nearest MSA: Deltona-Daytona Beach-Ormond Beach
County: Volusia
Tax ID/APN: 5239-03-09-0040
Zoning: RDM-5
Property Located Between: Between US1 and Nova on the South Side of Orange Avenue. SE corner of Orange and South Adams.
Tenancy: Multiple Tenants
Number of Stories: 1
Year Built: 1972

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,568 69,543 132,674
Median Age: 30.12 39.96 44.44
Households: 3,905 30,534 60,887
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