1452 N Us Highway, Ormond Beach, FL 32174
$985,000
Property Type:
Commercial Sale
Square Footage:
10,000
Status:
Closed
Current Price:
$985,000
List Date:
6/07/2013
Last Modified:
9/28/2024
Description
Looking for a great investment property with an 8.25 cap rate? 10,000 sq ft free standing office building built in 2008. 100% occupied with a 5 year lease on the anchor tenant. Building just appraised at $1.3 million. State of the art facility with 2 conference rooms, 2 kitchen areas, mail room and reception area, fully secured with key fob/card security system. Approximately half of the building is occupied by the anchor tenant with large conference room, 11 private offices and 15 cubicles. The other half includes 16 executive office suites. Leases are short term and long term. This is a perfect income opportunity and the time is now.
Supplements: other half includes 16 executive office suites. Leases are short term and long term. This is a perfect income opportunity and the time is now.
More Information MLS# 545214
General Property Information
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: North from SR 40 on US Hwy 1 to 1452. Elite Executive Center (building in back)
Public Remarks: Looking for a great investment property with an 8.25 cap rate? 10,000 sq ft free standing office building built in 2008. 100% occupied with a 5 year lease on the anchor tenant. Building just appraised at $1.3 million. State of the art facility with 2 conference rooms, 2 kitchen areas, mail room and reception area, fully secured with key fob/card security system. Approximately half of the building is occupied by the anchor tenant with large conference room, 11 private offices and 15 cubicles. The other half includes 16 executive office suites. Leases are short term and long term. This is a perfect income opportunity and the time is now.
Building Area Total: 10000
Lot Size Dimensions: 12500
List Price/SqFt: 130
Sold Price/SqFt: 98.5
Year Built: 2008
Location, Tax, and Legal
Country: US
Parcel Number: 313608001452
Tax Annual Amount: 15402
Tax Year: 2012
Tax Legal Description: UNIT 1452 GARDENS PLAZA CONDO PER OR 6290 PG 1510 & PER OR 6317 PG 1222 PER OR 6290 PG 1567
Currently Not Used
Year Built: 2008
Accessibility Features YN: Yes
Construction Materials
Block: 1
Concrete: 1
Cooling
Central Air: 1
Zoned: 1
Heating
Central: 1
Zoned: 1
Road Frontage Type
Highway: 1
State Road: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Building Features
Kitchen Facilities: 1
Public Restroom: 1
Showroom: 1
Business Type
Commercial: 1
Education/School: 1
Professional Service: 1
Professional/Office: 1
Existing Lease Type
Gross: 1
Location
Airport Access: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 1: Zoning (Text): B4; # Parking: 50; Included in Sale: Signs - Owned; Parking: Lighted, Paved; Site Improvements: Curb/Sidewalks; Confidential Listing: N; % Occupancy: 100.00; Road Frontage: 125.00; Depth: 100.00; Commercial Property Name: Elite Executive Cent; Financial Package: No; Franchise Opt In: Yes
Contract Information
Current Price: $985,000
Sold Price: $985,000
Status: Closed
Listing Contract Date: 2013-06-06
Property Sub Type: Business
Location Tax and Legal
Street Number: 1452
Street Direction Prefix: N
Street Name: Us
Street Suffix: Highway
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: 2013-12-04T01:41:17Z
Major Change Type: Status Change
Purchase Contract Date: 2013-08-09
Close Date: 2013-12-02
Close Price: 985000
Property Features
Building Features: Kitchen Facilities; Public Restroom; Showroom
Business Type: Commercial; Education/School; Professional Service; Professional/Office
Construction Materials: Block; Concrete
Cooling: Central Air; Zoned
Existing Lease Type: Gross
Heating: Central; Zoned
Location: Airport Access
Road Frontage Type: Highway; State Road
Sale Includes: Building & Land
Sewer: Public Sewer
Water Source: Public
Listing Office:
NON ACTIVE FIRM
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.