Mixed Use Income Property- 100% Leased- 10% Cap Rate
Listing was updated at: 01/23/2019
Property Overview
Price/Rent PSF $ 630,000.00
Asset Type Industrial
Trade Type Sale
SQ. FT. Available 14,080
Date Available 01/23/2019
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Parking 25
Floors 1
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Description

Location
Between US1 and Nova on the South Side of Orange Avenue. SE corner of Orange and South Adams.

Sale
Fully Leased Mixed use property in the heart of Daytona Beach with a true 10% Cap Rate if unmanaged. Consisting of 11 units in 4 buildings, the property is 100% occupied with leases in place. Many of the tenants are on annual leases but all have expressed interest in signing longer term deals. This property had two new roofs and brand new sky lights and there is no deferred maintenance. There is also a brand new 5 ton HVAC system. The building uses are Industrial, Retail and Office with one residential home in the middle of the property. The tenant in the house also serves as property manager. They collect rent and maintain the grounds.
Please do not disturb tenants without authorization from sellers. One of the owners is a licensed real estate broker.

Location