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Daytona Beach Investment With End User Potential
Listing was updated at: 11/13/2018
Property Overview
Price/Rent PSF $ 1,300,000.00
Asset Type Retail
Trade Type Sale & Lease
SQ. FT. Available 19,786
Date Available 11/13/2018
Additional URL Link
Parking 60
Floors 1
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Description

Location
Between US1 and Nova on the North side of Mason Avenue.

Sale
Built in 2008, this complex of investment properties has 3 buildings with a total of 19,785 Square Feet. There is significant upside investment potential or and end user can use up to 6,200 square feet in the front building while collecting income on the other two buildings that are fully occupied. The property is completely secured with automatic gates and a wall around the perimeter. Natural gas is available on site for all 3 buildings. Seller will consider individual building sales with pricing outlined below.

Building A is 8,037 square feet, fronts Mason Avenue and currently has three tenants. There is 2,335-6,200 square feet available for lease or it can be utilized by an end user. Building A Sale Price: $800,000

Buildings B & C are fully leased. Building B is 4,848 square feet with two tenants, Building C is 6,900 square feet and is occupied by a single tenant.
Parking is more than adequate for all three buildings. The front building provides a great retail opportunity and can be leased at a NNN rate of $12 per square foot per year. Annual operating expenses are +/-$49,000, including: Insurance-$7,646 RE Tax- $31,259 Repairs- $5,140 and Utilities $12,500.

Lease
2335 - 6,200 Square Feet Available for Lease. Both available units are in Building A fronting Mason Avenue. Suite 140 can be used for office or retail and is 2,335 square feet. Suites 120 and 130 are 3,865 square feet and are best suited for retail use. There is access from the back parking lot and and the front on Mason Avenue.
The property is completely secured with gates and a wall around the entire perimeter. Natural gas is available on site for all 3 buildings.
Parking is more than adequate for all three buildings. Current Pass Through Expenses are $2.47/SF/Year

Location

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