9 W Tower Cir | Ormond Beach, FL 32174
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9 W Tower Cir
Ormond Beach, FL 32174
53K SF Absolute NNN · Industrial Property For Sale
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
Property Facts
Amenities
- Fenced Lot
- Front Loading
- Mezzanine
Utilities
- Lighting
- Water
- Sewer
- Heating
Property Taxes
| Parcel Number | 4218-02-00-0560 | Improvements Assessment | $2,019,488 |
| Land Assessment | $200,049 | Total Assessment | $2,219,537 |
Property Taxes
Parcel Number
4218-02-00-0560
Land Assessment
$200,049
Improvements Assessment
$2,019,488
Total Assessment
$2,219,537
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