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$ 4,100,000
Est. payment /mo
Active
405 N Charles St Daytona, FL 32114
37,125 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 37,125 sqft
Price per Sqft $110
MLS Listing ID A12008277
HOA Y/N No
Lot Size 3.450 Acres
Property Sub-Type Industrial
Property Description
Value-add multi-bay industrial asset in the heart of Daytona Beach. This 37,125 SF warehouse sits on a 3.45-acre lot with direct frontage along George W Engram Blvd/Fairview Ave, offering excellent access to key commercial corridors. The property features five bays, nine grade-level loading doors, 16' clear heights, and approximately 10% office buildout. Currently 82% occupied with four tenants, the asset generates approximately $221,000 in NOI with significant upside potential. Multiple tenants are below market rents, with three leases rolling within 12 months, creating a clear path to increase income. Projected stabilization at ~$11.50/SF NNN supports a 10.59% cap rate, offering strong returns in a high-demand industrial market.
Location
State FL
County Volusia
Area 5940 Florida Other
Exterior
Private Pool Yes
Others
Tax ID 5338-20-03-0171
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12008277
Listed by APEX Capital Realty LLC