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53K SF NNN - Airport Business Park 2 Industrial Properties Offered at $6,700,000 in Ormond Beach, FL
INVESTMENT HIGHLIGHTS
- Absolute NNN Sale-Leaseback to Original Operator: Leased to ITA Acquisition LLC (dba Mirasol Shutters) under a 12-year absolute NNN lease through 2034
- Below-Market Rent with Embedded Upside: Current rent of $6.80/SF NNN is materially below regional industrial market rents ($9–$11 /SF NNN+)
- Strategic North Florida Location: Positioned in Airport Business Park, minutes from I-95, I-4, U.S. 1, and Ormond Beach Municipal Airport
- Mission-Critical Manufacturing Facility: The tenant designs and manufactures its flagship Mirasol Shutter line from this property
- Attractive Basis and Yield Growth: Offered at $6.7M ($125/SF), well below replacement cost for comparable Florida industrial product
EXECUTIVE SUMMARY
AIRPORT BUSINESS PARK - Industrial Investment Opportunity
Located at 7 & 9 West Tower Circle, Ormond Beach, FL 32174, this facility offers an enticing industrial investment opportunity. Currently leased to ITA Acquisition LLC (dba Mirasol Shutters) under a long-term absolute NNN agreement, this mission-critical manufacturing facility presents a solid passive income stream with zero landlord responsibilities.
With below-market rent offering built-in upside potential and a strategic location near major highways and the Ormond Beach Municipal Airport, this property provides efficient distribution reach within North Florida's thriving industrial corridor.
Priced at $6.7M ($125/SF) and boasting a stabilized cash flowing asset is a solid investment opportunity with organic yield growth expected in the near future. Don't miss out on this attractive investment in a high-demand industrial location.
Kyle Matthews
License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Located at 7 & 9 West Tower Circle, Ormond Beach, FL 32174, this facility offers an enticing industrial investment opportunity. Currently leased to ITA Acquisition LLC (dba Mirasol Shutters) under a long-term absolute NNN agreement, this mission-critical manufacturing facility presents a solid passive income stream with zero landlord responsibilities.
With below-market rent offering built-in upside potential and a strategic location near major highways and the Ormond Beach Municipal Airport, this property provides efficient distribution reach within North Florida's thriving industrial corridor.
Priced at $6.7M ($125/SF) and boasting a stabilized cash flowing asset is a solid investment opportunity with organic yield growth expected in the near future. Don't miss out on this attractive investment in a high-demand industrial location.
Kyle Matthews
License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
DATA ROOM Click Here to Access
- Offering Memorandum
- Lease
- Survey
TAXES & OPERATING EXPENSES (ACTUAL - 2026) Click Here to Access |
ANNUAL |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (ACTUAL - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $6,700,000 | Status | Active |
| Price / SF | $126.44 / SF | Number of Properties | 2 |
| Sale Condition | Sale Leaseback | Individually For Sale | 0 |
| Cap Rate | 5.41% | Total Building Size | 52,990 SF |
| Sale Type | Investment | Total Land Area | 3.20 AC |
| Price | $6,700,000 |
| Price / SF | $126.44 / SF |
| Sale Condition | Sale Leaseback |
| Cap Rate | 5.41% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 52,990 SF |
| Total Land Area | 3.20 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Bldg 1
9 W Tower Cir, Ormond Beach, FL 32174 |
Industrial | 32,830 SF | 1996 | - |
|
Bldg 2
7 W Tower Cir, Ormond Beach, FL 32174 |
Industrial | 20,160 SF | 1998 | - |
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53K SF NNN - Airport Business Park
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