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865 Orange Avenue, Daytona Beach, FL

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865 Orange Avenue

Daytona Beach, FL 32114-4768 - Downtown Daytona Beach Submarket

Property Type:Industrial Sub Type:Warehouse Status:Existing Year Built:-
Building Size:13,000 SF Land Area:-
Ceiling Height:- Loading Docks:No Rail:- Power:-
For Sale Price:$634,700 Price/SF:$48.82
Cap Rate:9.00 %
Zoning:- Sprinklers:- Drive Ins:No Cranes:-

Sale Notes:
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.

SVN Alliance Commercial Real Estate Advisors
Carl Lentz
(386) 310-7900

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