1433 US-1 B-8, Ormond Beach, FL 32174
$1,850,000
Property Type:
Commercial Sale
Square Footage:
10,928
Status:
Closed
Current Price:
$1,850,000
List Date:
1/29/2019
Last Modified:
9/28/2024
Description
Triple Net Investors and 1031 Exchange buyers. Class A free standing retail facility offered as a sale lease back. Corbin Saddles corporate retail facility in Ormond Beach Florida. Corbin is a world wide leader in motorcycle seats for multiple manufacturers. Corbin has been in business for 50 years and is known worldwide for their top quality products.The building is 10,928 square feet of quality air conditioned space and has a first class retail interior build-out. The facility is being offered at a 7.5% CAP rate with a long term corporate leaseback. The property enjoys dominant exposure to busy Hwy US-1 just off of Interstate I-95 and close to the worlds largest Harley Davidson dealership. This clean 100% occupied property is well suited for 1031 investors and private investors
More Information MLS# 1053166
General Property Information
Number Of Units Total: 8
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: US-1 on east side south of I-95 in the MBA Business Park.
Public Remarks: Triple Net Investors and 1031 Exchange buyers. Class A free standing retail facility offered as a sale lease back. Corbin Saddles corporate retail facility in Ormond Beach Florida. Corbin is a world wide leader in motorcycle seats for multiple manufacturers. Corbin has been in business for 50 years and is known worldwide for their top quality products.The building is 10,928 square feet of quality air conditioned space and has a first class retail interior build-out. The facility is being offered at a 7.5% CAP rate with a long term corporate leaseback. The property enjoys dominant exposure to busy Hwy US-1 just off of Interstate I-95 and close to the worlds largest Harley Davidson dealership. This clean 100% occupied property is well suited for 1031 investors and private investors
Building Area Total: 10928
Lot Size Dimensions: Condo
List Price/SqFt: 178.44
Sold Price/SqFt: 169.29
Year Built: 2006
Location, Tax, and Legal
Country: US
Parcel Number: 3136-04-0B-00B8
Tax Annual Amount: 1117
Tax Year: 2017
Tax Legal Description: UNIT B1 - B8 BLDG B MBA BUSINESS CENTER CONDOMINIUM PER OR 5566 PG 2669 PER OR 5990 PG 0032
Zoning Description: Retail
Currently Not Used
Unit Number: B-8
Year Built: 2006
Status Change Information
Contingent Date: 2019-04-08
Major Change Timestamp: 2019-05-21T13:47:10Z
Major Change Type: Status Change
Purchase Contract Date: 2019-03-08
Close Date: 2019-05-21
Close Price: 1850000
Construction Materials
Block: 1
Concrete: 1
Stucco: 1
Cooling
Central Air: 1
Current Use
Residential: 1
Retail: 1
Heating
Central: 1
Listing Terms
Lease Back: 1
Owner Pays
Common Area Maintenance: 1
Electricity: 1
Exterior Maintenance: 1
Grounds Care: 1
HVAC Maintenance: 1
Insurance: 1
Management: 1
Pest Control: 1
Repairs: 1
Sewer: 1
Taxes: 1
Trash Collection: 1
Water: 1
Road Frontage Type
Highway: 1
Roof
Other: 1
Sewer
Public Sewer: 1
Utilities
Separate Electric Meters: 1
Water Source
Public: 1
Building Features
Ceiling Eve Height: 11 - 14 Feet High
Maximum Ceiling Height: 14
Private Restroom: 1
Public Restroom: 1
Business Type
Business Park: 1
Commercial: 1
Manufacturing: 1
Professional Service: 1
Professional/Office: 1
Residential: 1
Retail: 1
Location
Commerce Park: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 1: Road Type: Four Lane Divided; Bldg Type/Location: Free Standing; Interior Improvement: Display Window, Ground Level Door, Truck Drive in Door; Lease Provisions: Sale Lease Back; Meters: # Electric Meters: 1; Parking: Lighted, Paved; SqFt: Largest Contiguous: 10928, Max Area: 10928, Occupied SqFt: 10928; SqFt - Total: 10928.00; Site Improvements: Curb/Sidewalks; Confidential Listing: N; Highway Access: Yes; % Occupancy: 100.00; Commercial Property Name: Corbin; Financial Package: Yes; Franchise Opt In: Yes; Current # Tenant: 1.0000
Contract Information
Current Price: $1,850,000
Sold Price: $1,850,000
Status: Closed
Listing Contract Date: 2019-01-29
Property Sub Type: Business
Location Tax and Legal
Street Number: 1433
Street Name: US-1
County: Volusia
State: FL
Postal Code: 32174
MLS Area Major: 46 - Ormond N of Tomoka River, E of US1
Property Features
Building Features: Private Restroom; Public Restroom
Business Type: Business Park; Commercial; Manufacturing; Professional Service; Professional/Office; Residential; Retail
Construction Materials: Block; Concrete; Stucco
Cooling: Central Air
Current Use: Residential; Retail
Heating: Central
Listing Terms: Lease Back
Location: Commerce Park
Owner Pays: Common Area Maintenance; Electricity; Exterior Maintenance; Grounds Care; HVAC Maintenance; Insurance; Management; Pest Control; Repairs; Sewer; Taxes; Trash Collection; Water
Road Frontage Type: Highway
Roof: Other
Sale Includes: Building & Land
Sewer: Public Sewer
Utilities: Separate Electric Meters
Water Source: Public
Listing Office:
RE/MAX Signature
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.