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Bldg 1 9 W Tower Cir 53,330 SF Industrial Building Ormond Beach, FL 32174 $6,700,000 ($125.63/SF) 5.41% Cap Rate
Investment Highlights
- Absolute NNN sale-leaseback with ±10 years remaining and zero landlord responsibilities.
- Current rent of $6.80/SF NNN is well below market, offering built-in upside.
- 5.41% cap rate on Year 5 NOI with 2% annual rent escalations and long-term stability.
- Mission-critical manufacturing facility for Mirasol Shutters, ensuring strong tenant commitment.
- Offered at $6,700,000 ($125/SF), below replacement cost for Florida industrial.
- Strategic North Florida location with access to I-95, I-4, and major distribution corridors.
Executive Summary
Kyle Matthews
Matthews Real Estate Investment Services, Inc
License # CQ1066435, BK3554632 (FL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # CQ1066435, BK3554632 (FL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
| Price | $6,700,000 | Lot Size | 1.65 AC |
| Price Per SF | $125.63 | Rentable Building Area | 53,330 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 5.41% | Year Built | 1996 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 0.98/1,000 SF |
| Building Class | B | Clear Ceiling Height | 24’ |
| Zoning | IBP | ||
| Price | $6,700,000 |
| Price Per SF | $125.63 |
| Sale Type | Investment |
| Cap Rate | 5.41% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.65 AC |
| Rentable Building Area | 53,330 SF |
| No. Stories | 1 |
| Year Built | 1996 |
| Tenancy | Single |
| Parking Ratio | 0.98/1,000 SF |
| Clear Ceiling Height | 24’ |
| Zoning | IBP |
Amenities
- Fenced Lot
- Front Loading
- Mezzanine
Utilities
- Lighting
- Water
- Sewer
- Heating
1 1
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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Bldg 1 | 9 W Tower Cir
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