53K SF Manufacturing Facility Industrial FOR SALE


Ormond Beach, FL - Outer Ormand Beach
$6,700,000 USD
904-838-6603
, Ormond Beach, FL for Sale
$6,700,000 USD
Industrial - FOR SALE
1/11
null | 5.41% Cap Rate

53K SF Manufacturing Facility
Ormond Beach, FL
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

7–9 Tower Circle West, Ormond Beach, Florida, an absolute triple-net industrial investment with long-term income and zero landlord responsibilities. The property has received strong national exposure and meaningful engagement from institutional, family office, and 1031 investors. With full due diligence available and active underwriting underway, the seller is now reviewing offers from qualified buyers. Offer submissions should include: Purchase price Earnest money amount and timing Due diligence period Proposed closing timeline Proof of funds and buyer track record The seller will prioritize certainty of close, clean terms, and efficient execution. This is a straightforward, institutional-quality transaction with due diligence and tenant financials in hand and no landlord responsibilities. If you would like to schedule a call, tour, or discuss underwriting prior to submitting an offer, please don’t hesitate to reach out. We look forward to reviewing your proposal. Thank you, Mike 904.838.6603 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

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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.