400 S atlantic Ave - Storefront FOR SALE
Ormond Beach, FL 32176 |
400 S atlantic Ave
Ormond Beach, FL 32176
HIGHLIGHTS
- Immediate Value Creation: CAM Reimbursement Corrections Drive NOI Growth to a 7.05% Cap Rate Within Year 2.
- Below Replacement Cost: Offered at $222 Per Square Foot.
- Additional Upside: Current Average Rents at $15.73 PSF vs. Market $19.90 PSF (Per CoStar).
- Prime Visibility: +/- 17,800 Vehicles Per Day Along South Atlantic Avenue (A1A).
- Strong Demographics: 95,000+ Residents Within 5 Miles; Population Growth of 2.5% Annually.
- High-Barrier-to-Entry Market: Coastal Infill Location with Limited Future Supply.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Aliki Plaza | A1A Beach Side | 7.05% YR 2
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Bank, Storefront Retail/Office
TOTAL BUILDING SIZE
29730
STORIES
2
YEAR BUILT
1984
SPRINKLERS
-
PARKING SPACES
130
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
4223-02-08-0090
