865 Orange Avenue

Industrial for Sale
Catylist Listing ID: 30319776
Property Subtypes: Mixed Use
Building Size (RSF): 14,080 SF
Gross Building Area: See Agent
Gross Land Area: 0.86 Acres
Sale Price: $630,000
Unit Price: $44.74 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 9.6%
Average Occupancy Rate: 100
Last Updated: 9/20/2018

Overview / Comments

Fully Leased Mixed use property in the heart of Daytona Beach with a true 10% Cap Rate if unmanaged. 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 and there is no deferred maintenance. 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. 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: Orange Avenue & South Adams Street
Highway Access: I-95
Airports: Daytona Beach International Airport
Site Description: Between US1 and Nova on the South Side of Orange Avenue. SE corner of Orange and South Adams.
Tenancy: Multiple Tenants
Total Number of Buildings: 4
Property Condition: Good
Year Built: 1972
Total Parking Spaces: 25
Lot Frontage: 165
Lot Depth: 235

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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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