9 W Tower Cir - Warehouse FOR SALE


Ormond Beach, FL 32174- Outer Ormand Beach
$6,700,000 USD
904-838-6603
9 W Tower Cir, Ormond Beach, FL for Sale
$6,700,000 USD
Warehouse - FOR SALE
1/10
null | Request Cap Rate

9 W Tower Cir
Ormond Beach, FL 32174
Outer Ormand Beach


HIGHLIGHTS

  • Absolute NNN Sale-Leaseback to Original Operator: Leased to ITA Acquisition LLC (dba Mirasol Shutters) under a 12-year absolute NNN lease through 2034
  • Mission-Critical Manufacturing Facility: The tenant designs and manufactures its flagship Mirasol Shutter line from this property
  • Below-Market Rent with Embedded Upside: Current rent of $6.80/SF NNN is materially below regional industrial market rents ($9–$11 /SF NNN+)
  • Attractive Basis and Yield Growth: Offered at $6.7M ($125/SF), well below replacement cost for comparable Florida industrial product
  • Strategic North Florida Location: Positioned in Airport Business Park, minutes from I-95, I-4, U.S. 1, and Ormond Beach Municipal Airport

OVERVIEW

AIRPORT BUSINESS PARK - Industrial Investment Opportunity Located at 7 & 9 West Tower Circle, Ormond Beach, FL 32174, this facility offers an enticing industrial investment opportunity. Currently leased to ITA Acquisition LLC (dba Mirasol Shutters) under a long-term absolute NNN agreement, this mission-critical manufacturing facility presents a solid passive income stream with zero landlord responsibilities. With below-market rent offering built-in upside potential and a strategic location near major highways and the Ormond Beach Municipal Airport, this property provides efficient distribution reach within North Florida's thriving industrial corridor. Priced at $6.7M ($125/SF) and boasting a stabilized cash flowing asset is a solid investment opportunity with organic yield growth expected in the near future. Don't miss out on this attractive investment in a high-demand industrial location. Kyle Matthews License # CQ1066435 (FL) Matthews Real Estate Investment Services, Inc 1600 West End, Ste. 1500 Nashville, TN 37203 (866) 889-0550

FOR SALE DETAILS

PRICE

$6,700,000 USD

PRICE/SF

$204 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

53K SF Absolute NNN

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

UTILITIES

Lighting, Water, Sewer, Heating

CLEAR CEILING HT

24 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

3.34

LAND SF

145,490

ZONING

IBP

APN/PARCEL ID

4218-02-00-0560

ASK ABOUT THIS PROPERTY

Mike SalikMatthews Real Estate Investment ServicesMore Info
904-838-6603

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Mike SalikMatthews Real Estate Investment ServicesMore Info
904-838-6603

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.