1433 US-1 B-8, Ormond Beach, FL 32174 (MLS# 1053166)

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

Overview

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

Listing Details MLS# 1053166

General Property Information

Number Of Units Total: 8
Building Area Total: 10928
Year Built: 2006
Lot Size Dimensions: Condo
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
List Price/SqFt: 178.44
Sold Price/SqFt: 169.29

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

Contract Information

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

Status Change Information

Major Change Timestamp: 2019-05-21T13:47:10Z
Major Change Type: Status Change
Contingent Date: 2019-04-08
Purchase Contract Date: 2019-03-08
Close Date: 2019-05-21
Close Price: 1850000

Building Features

Ceiling Eve Height: 11 - 14 Feet High
Maximum Ceiling Height: 14
Private Restroom: Yes
Public Restroom: Yes

More Information

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

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

Construction Materials

Block: Yes
Concrete: Yes
Stucco: Yes

Cooling

Central Air: Yes

Current Use

Residential: Yes
Retail: Yes

Heating

Central: Yes

Listing Terms

Lease Back: Yes

Owner Pays

Common Area Maintenance: Yes
Electricity: Yes
Exterior Maintenance: Yes
Grounds Care: Yes
HVAC Maintenance: Yes
Insurance: Yes
Management: Yes
Pest Control: Yes
Repairs: Yes
Sewer: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Road Frontage Type

Highway: Yes

Roof

Other: Yes

Sewer

Public Sewer: Yes

Utilities

Separate Electric Meters: Yes

Water Source

Public: Yes

Business Type

Business Park: Yes
Commercial: Yes
Manufacturing: Yes
Professional Service: Yes
Professional/Office: Yes
Residential: Yes
Retail: Yes

Location

Commerce Park: Yes

Sale Includes

Building & Land: Yes

Listing Office: RE/MAX Signature

Last Updated: September - 28 - 2024

Information deemed reliable but not guaranteed.

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