Available For Sale - Office

6,604 SF | Show Pricing $

LISTED BY

John W. Trost CCIM
SVN | Alliance Commercial Real Estate Advisors, 386-301-4581

AVAILABILITY DETAILS

Size
6,604 SF
Price/SF
Show Pricing $
Listing ID
SA532442
Notes
Two Commercial Condos totaling 6,604 SF with storefront on busy Luna Bella Lane.

-Unit C (Suite 131): 4,354 SF is leased by Snap Fitness through April 2033.

$62,819.12 Current Annual Base Rent 1/1/2024-12/31/2024, 4% annual increases except 2029 which has 19% increase, PLUS Tenant pays condo dues and real estate taxes.

-Unit B (Suite 133): 2,250 SF is vacant and available for lease at projected $24.00 per SF base rent.

$54,000 Annual Base Rent, PLUS Tenant will pay condo dues and real estate taxes.

Projected Initial Cap Rate 7.8% with both units leased. Projected Overall Cap Rate 9.1% when factoring in all increases.

Location has some of the best demographics in East Volusia County.

The Downtown Venetian Bay Town Center has approximately 2,000 homes within a short walking distance and over 2,900 homes currently, with plans to grow to over 4,000 homes at full build-out. Additionally, there are 322 apartments under construction across the street.

Currently estimated to be over 7,000 potential customers with over $75,000 plus Average Household Income.

No hassle investment with Condo Association handling all building and grounds maintenance.

Building signage available.

Cash-in on local growth today!
Uses
Office

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
John W. Trost CCIM, SVN | Alliance Commercial Real Estate Advisors
BRE# BK-0160420