MIXED USE INCOME PROPERTY- · svn | alliance commercial real estate advisors |1275 west granada...

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SVN | ALLIANCE COMMERCIAL REAL ESTATE ADVISORS | 1275 WEST GRANADA BOULEVARD, SUITE 5B, ORMOND BEACH, FL 32174 SALE BROCHURE MIXED USE INCOME PROPERTY- 100% LEASED 865 ORANGE AVENUE DAYTONA BEACH, FL 32114 Carl W. Lentz IV, MBA, CCIM Managing Director 386.310.7900 x103 [email protected]

Transcript of MIXED USE INCOME PROPERTY- · svn | alliance commercial real estate advisors |1275 west granada...

Page 1: MIXED USE INCOME PROPERTY- · svn | alliance commercial real estate advisors |1275 west granada boulevard, suite 5b, ormond beach, fl 32174 sale brochure mixed use income property-100%

SVN | ALLIANCE COMMERCIAL REAL ESTATE ADVISORS | 1275 WEST GRANADA BOULEVARD, SUITE 5B, ORMOND BEACH, FL 32174 SALE BROCHURE

MIXED USEINCOMEPROPERTY-100% LEASED865 ORANGE AVENUEDAYTONA BEACH, FL 32114

Carl W. Lentz IV, MBA, CCIMManaging Director386.310.7900 [email protected]

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OFFERING SUMMARY

Sale Price: $650,000

Cap Rate: 9.6%

NOI: $62,294

Lot Size: 0.86 Acres

Year Built: 1972

Building Size: 14,080 SF

Zoning: RDM-5

Market: Daytona Beach

Price / SF: $46.16

PROPERTY OVERVIEWFully Leased Mixed use property in the heart of Daytona Beach with a true9.6% Cap Rate if unmanaged. Consisting of 11 units in 4 buildings, the propertyis 100% occupied with leases in place. Many of the tenants are on annualleases but all have expressed interest in signing longer term deals. Thisproperty had two new roofs and brand new sky lights and there is no deferredmaintenance. There is also a brand new 5 ton HVAC system. The building usesare Industrial, Retail and Office with one residential home in the middle of theproperty. The tenant in the house also serves as property manager. Theleasable value of the house is $1,000 per month but the tenant only pays $500in consideration for the property management. They collect rent and maintainthe grounds.Please do not disturb tenants without authorization from sellers. One of theowners is a licensed real estate broker.

PROPERTY HIGHLIGHTS

• Fully Leased Mixed Use Income Property in Daytona Beach

• Industrial, Office, Retail and Residential

• Property Manager Lives on Site

• Hassle Free Income

Property Summary

MIXED USE INCOME PROPERTY- 100% LEASED | 865 ORANGE AVENUE , DAYTONA BEACH, FL 32114 SVN | Alliance Commercial Real Estate Advisors | Page 2

All SVN® offices are independently owned and operated.

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Location Maps

MIXED USE INCOME PROPERTY- 100% LEASED | 865 ORANGE AVENUE , DAYTONA BEACH, FL 32114 SVN | Alliance Commercial Real Estate Advisors | Page 3

All SVN® offices are independently owned and operated.

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Additional Photos

MIXED USE INCOME PROPERTY- 100% LEASED | 865 ORANGE AVENUE , DAYTONA BEACH, FL 32114 SVN | Alliance Commercial Real Estate Advisors | Page 4

All SVN® offices are independently owned and operated.

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Site Plan

MIXED USE INCOME PROPERTY- 100% LEASED | 865 ORANGE AVENUE , DAYTONA BEACH, FL 32114 SVN | Alliance Commercial Real Estate Advisors | Page 5

All SVN® offices are independently owned and operated.

Page 6: MIXED USE INCOME PROPERTY- · svn | alliance commercial real estate advisors |1275 west granada boulevard, suite 5b, ormond beach, fl 32174 sale brochure mixed use income property-100%

Additional Photos

MIXED USE INCOME PROPERTY- 100% LEASED | 865 ORANGE AVENUE , DAYTONA BEACH, FL 32114 SVN | Alliance Commercial Real Estate Advisors | Page 6

All SVN® offices are independently owned and operated.

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Site Plan 2

MIXED USE INCOME PROPERTY- 100% LEASED | 865 ORANGE AVENUE , DAYTONA BEACH, FL 32114 SVN | Alliance Commercial Real Estate Advisors | Page 7

All SVN® offices are independently owned and operated.

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1275 West Granada BoulevardSuite 5BOrmond Beach, FL 32174T 386.310.7900 x103C [email protected] #BK3068067

PROFESSIONAL BACKGROUND

Carl W. Lentz IV, MBA, CCIM is the Managing Director at SVN | Alliance withover 15 years of experience. The SVN organization is comprised of over 1,600Advisors and staff in more offices in the United States than any othercommercial real estate firm and continues to expand across the globe.Geographic coverage and amplified outreach to traditional, cross-market,and emerging buyers and tenants is the only way to achieve maximum valuefor our clients. This is why we proactively promote properties and share feeswith the entire industry. This is our unique Shared Value Network and justone of the many ways that SVN Advisors create amazing value with ourclients, colleagues and communities.

In 2016 and 2017, SVN was named the 6th most recognized commercial realestate brand by the Lipsey Company.

SVN | Alliance is located in Ormond Beach, FL and provides sales, leasing,tenant representation and corporate real estate services in the GreaterDaytona Beach Area. SVN advisors represent clients in billions of dollarsannually in auction, distressed assets, golf and resorts, hospitality, industrial,institutional capital markets, land and development, medical office,multifamily, office, restaurant, retail self storage, single family rentalportfolios and single tenant investments. All SVN offices are independentlyowned and operated.

EDUCATION

CCIMMBA- University of Central Florida- 2008BA- Emory University- 1997Phillips Exeter Academy- 1993

CARL W. LENTZ IV, MBA, CCIM

Managing Director

MIXED USE INCOME PROPERTY- 100% LEASED | 865 ORANGE AVENUE , DAYTONA BEACH, FL 32114 SVN | Alliance Commercial Real Estate Advisors | Page 8

All SVN® offices are independently owned and operated.