9 W Tower Cir - Warehouse FOR SALE
Ormond Beach, FL 32174 |
9 W Tower Cir
Ormond Beach, FL 32174
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
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
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
1996
UTILITIES
Lighting, Water, Sewer, Heating
CLEAR CEILING HT
24 Ft
DOCKS
-
DRIVE INS
-
PARKING SPACES
52
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
4218-02-00-0560
