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952 Big Tree Road, South Daytona, FL 32119

$1,470,000
Property Type: Commercial Sale Status: Closed
Current Price: $1,470,000 List Date: 6/09/2017 Last Modified: 9/28/2024

Overview

Description

100% leased Investment Property. Class A national tenants with new 5 year leases. 3.5 acres zoned Light Industrial. Annual increases on both leases. Current NOI of $146,102. 8.2 CAP rate

Listing Details MLS# 1030274

General Property Information

Year Built
1978
Association YN
No
Water Body Access YN
No
Waterfront YN
No
Directions
Nova to east on Big Tree
Public Remarks
100% leased Investment Property. Class A national tenants with new 5 year leases. 3.5 acres zoned Light Industrial. Annual increases on both leases. Current NOI of $146,102. 8.2 CAP rate

Property Features

Business Type: Industrial; Professional/Office Current Use: Industrial Sale Includes: Building & Land Utilities: Separate Electric Meters; Separate Water Meters

Contract Information

Listing Contract Date
2017-06-09
Property Sub Type
Business

Location Tax and Legal

Street Number
952
Street Name
Big Tree
Street Suffix
Road
County
Volusia
State
FL
Postal Code
32119
MLS Area Major
25 - Daytona S of Beville, E of Nova

Status Change Information

Major Change Timestamp
2018-02-07T17:07:47Z
Major Change Type
Status Change
Contingent Date
2017-09-28
Purchase Contract Date
2017-09-28
Close Date
2018-02-06
Close Price
1470000

Building Features

Vac Off/Retail SqFt
9600
Vac Warehouse SqFt
5000

More Information

Income and Expenses

Gross Income
182400

Historical Information

Public Historical Remarks 1
Income/Operating Inc: Annual Escalation: 2, Total Operating Income: 182400; Meters: # Electric Meters: 2, # Water Meters: 2; Confidential Listing: N; Franchise Opt In: No

Location, Tax, and Legal

Country
US
Parcel Number
5344-16-00-1092
Tax Annual Amount
15918
Tax Year
2016
Tax Legal Description
E 115.18 FT OF W 198.36 FT MEAS ON S/L OF LOTS 109 & 110 BLAKE PER OR 4842 PGS 2636-2638 INC PER OR 5806 PG 3297 PER OR 5859 PG 2897

Currently Not Used

Year Built
1978

Current Use

Industrial
Yes

Utilities

Separate Electric Meters
Yes
Separate Water Meters
Yes

Business Type

Industrial
Yes
Professional/Office
Yes

Sale Includes

Building & Land
Yes
Listing Office: Coldwell Banker Commercial Benchmark
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.

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