Stabilized, Income-Producing Asset
The property is 97%leased across 18 suites, providing immediate in-place income and a diversified tenant base for reduced vacancy risk.
Strategic Central Florida Location
Located in the high-demand Holly Hill submarket,
the asset benefits from proximity to major roadways
(LPGA Blvd, US-1, I-95) and key landmarks like Daytona International Speedway and Daytona Beach.
Strong Market Fundamentals
The surrounding industrial market boasts a 93% occupancy
rate with projected annual rent growth exceeding 6%,
indicating a robust and rising demand environment.
Attractive Financial Performance
The asset delivers a compelling initial total return of 10.13%
and an 8.18% cap rate, with a projected 13.6% yield based
on conservative pro forma estimates as leases transition
to market rates.
Long-Term Stability with Minimal CapEx
A new roof installed in 2024 significantly reduces near-term capital expenditure, enhancing operational stability and long-term value.