Investment Property For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30150874
Property Subtypes: Day Care Facility, Free-Standing Building, Other
Building Size (RSF): 5,650 SF
Gross Building Area: See Agent
Gross Land Area: 1.19 Acres
Sale Price: $550,000
Unit Price: $97.35 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 10.0%
Last Updated: 11/16/2017

Overview / Comments

10% Cap Rate.
Great cash flow.
Gross income $70,020 in 2017.
Projected gross income for 2018 is $72,120.
Expenses in 2017:
Real Estate Taxes $7,201.50.
Property Insurance $4,000.
Lawn Maintenance $4,000.
Site: 239+/- front feet on Coolidge Avenue, 217+/- feet of depth.
5,650 SF building leased to Kid City Day Care.
Great level site with mature trees.

Located at the northwest corner of Hand Avenue and Coolidge Avenue one block west of US Highway 1 and one mile to Nova Road.

Additional Details

Nearest MSA: Deltona-Daytona Beach-Ormond Beach
County: Volusia
Tax ID/APN: A portion of 4242-08-02-0010
Zoning: B-5 SERVICE COMMERCIAL
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1980

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,710 58,845 98,564
Median Age: 46.14 47.77 45.45
Households: 3,335 27,352 44,749

Contact

Photograph of Listing Agent

John W. Trost, CCIM

SVN | Alliance Commercial Real Estate Advisors
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