9 W Tower Cir - Warehouse FOR SALE
Ormond Beach, FL 32174 |
9 W Tower Cir
Ormond Beach, FL 32174
HIGHLIGHTS
- Absolute NNN sale-leaseback with ±10 years remaining and zero landlord responsibilities.
- Mission-critical manufacturing facility for Mirasol Shutters, ensuring strong tenant commitment.
- Current rent of $6.80/SF NNN is well below market, offering built-in upside.
- Offered at $6,700,000 ($125/SF), below replacement cost for Florida industrial.
- 5.41% cap rate on Year 5 NOI with 2% annual rent escalations and long-term stability.
- Strategic North Florida location with access to I-95, I-4, and major distribution corridors.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Bldg 1
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
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
