Your email has been sent.
INDUSTRIAL WAREHOUSE 405 N Charles St 37,125 SF 66% Leased Industrial Building Daytona Beach, FL 32114 $5,607,488 CAD ($151.04 CAD/SF) 5.39% Cap Rate
Investment Highlights
- Lot Recently Repaved
- Recent Interior Renovations
- Perimeter Security Fence
- Building Recently Repainted
- Modern Office Design
- Highly Visible Monument Sign
Executive Summary
The asset consists of a 37,125-square-foot warehouse situated on an oversized 3.45-acre (150,265 SF) lot, offering a highly functional layout with a low site coverage ratio. Originally constructed in 1970, the building is configured into five bays and features nine grade-level loading doors, 16-foot clear heights, and approximately 10% office buildout per bay. The property is currently 82% occupied, with four tenants occupying approximately 30,850 square feet.
405 N Charles Street presents a compelling value-add opportunity, priced below comparable sales and offering inplace cash flow with significant near-term upside. The property is currently generating approximately $221,000 in net operating income, with multiple tenants paying below-market rents and three leases rolling within the next 12 months, providing a clear path to mark rents to market and stabilize the asset.
Upon lease-up of the remaining vacancy, increases in the current rent roll and repositioning rents to approximately $11.50/SF NNN, the property is projected to achieve a stabilized cap rate of 10.59%, representing a meaningful increase in income within a short-term hold.
Overall, the property represents a well located industrial asset with strong fundamentals, combining in-place income, below-market rents, near-term rollover, and an oversized site that supports tenant demand, all at a basis below comparable sales.
Property Facts
| Price | $5,607,488 CAD | Building Class | C |
| Price Per SF | $151.04 CAD | Lot Size | 3.45 AC |
| Sale Type | Investment | Rentable Building Area | 37,125 SF |
| Cap Rate | 5.39% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1970 |
| Property Subtype | Warehouse | ||
| Zoning | RDD7 - - Business | ||
| Price | $5,607,488 CAD |
| Price Per SF | $151.04 CAD |
| Sale Type | Investment |
| Cap Rate | 5.39% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 3.45 AC |
| Rentable Building Area | 37,125 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Zoning | RDD7 - - Business |
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Almighty Pawn
- Finance and Insurance
- -
- -
- -
- -
-
- Arts, Entertainment, and Recreation
- -
- -
- Triple Net
- -
Beyer & Brown Services is a family owned and operated business serving Florida since 1941. They take great pride in the personal service They dedicate to each of their customers. Beyer & Brown Services has experienced management, technicians and support staff to ensure your needs will be met with the utmost customer care and service. Their unique products and services are designed to keep your customers entertained at your establishment for a longer duration.
- Bob Sellers Auto Clinic
- Services
- -
- -
- -
- May 2022
- Conway Supply House
- Services
- -
- -
- Modified Gross
- Dec 2022
- Daytona Auto Machine
- Services
- -
- -
- -
- Aug 2022
- Done Right Since 1985
- Public Administration
- -
- -
- -
- -
- ITF Auto Parts
- Retailer
- -
- -
- Modified Gross
- -
- Redline Performance & Audio
- Retailer
- -
- -
- -
- -
- SRL LLC
- Retailer
- -
- $15.73 CAD
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Almighty Pawn | Finance and Insurance | - | - | - | - | |
|
|
Arts, Entertainment, and Recreation | - | - | Triple Net | - | |
| Bob Sellers Auto Clinic | Services | - | - | - | May 2022 | |
| Conway Supply House | Services | - | - | Modified Gross | Dec 2022 | |
| Daytona Auto Machine | Services | - | - | - | Aug 2022 | |
| Done Right Since 1985 | Public Administration | - | - | - | - | |
| ITF Auto Parts | Retailer | - | - | Modified Gross | - | |
| Redline Performance & Audio | Retailer | - | - | - | - | |
| SRL LLC | Retailer | - | $15.73 CAD | Triple Net | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Warehouse Space for Lease in Daytona Beach. 6,037 - 24,062 SF Available. Freshly painted and move-in ready, these warehouse units offer spacious layouts with office space equipped with HVAC for optimal comfort and efficiency. Unit 110A: 6,037 SF with an overhead door. Unit 110B: 6,575 SF with an overhead door. Unit 130: 11,450 SF with four overhead doors. Ideal for storage, repair shops, or light manufacturing, these units offer convenient access and competitive rates. Estimated CAM, real estate taxes, and insurance are $3.85 per SF. Contact us today to secure your space. LOCATION OVERVIEW Located the corner of N. Charles Street and George W. Engram Blvd, near Downtown Daytona Beach. Approximately 5 miles to Interstate 95, 0.6 miles to International Speedway Blvd, and 1.6 miles to the beach.
Warehouse Space for Lease in Daytona Beach. 6,037 - 24,062 SF Available. Freshly painted and move-in ready, these warehouse units offer spacious layouts with office space equipped with HVAC for optimal comfort and efficiency. Unit 110A: 6,037 SF with an overhead door. Unit 110B: 6,575 SF with an overhead door. Unit 130: 11,450 SF with four overhead doors. Ideal for storage, repair shops, or light manufacturing, these units offer convenient access and competitive rates. Estimated CAM, real estate taxes, and insurance are $3.85 per SF. Contact us today to secure your space. LOCATION OVERVIEW Located the corner of N. Charles Street and George W. Engram Blvd, near Downtown Daytona Beach. Approximately 5 miles to Interstate 95, 0.6 miles to International Speedway Blvd, and 1.6 miles to the beach.
Warehouse Space for Lease in Daytona Beach. 6,037 - 24,062 SF Available. Freshly painted and move-in ready, these warehouse units offer spacious layouts with office space equipped with HVAC for optimal comfort and efficiency. Unit 110A: 6,037 SF with an overhead door. Unit 110B: 6,575 SF with an overhead door. Unit 130: 11,450 SF with four overhead doors. Ideal for storage, repair shops, or light manufacturing, these units offer convenient access and competitive rates. Estimated CAM, real estate taxes, and insurance are $3.85 per SF. Contact us today to secure your space. LOCATION OVERVIEW Located the corner of N. Charles Street and George W. Engram Blvd, near Downtown Daytona Beach. Approximately 5 miles to Interstate 95, 0.6 miles to International Speedway Blvd, and 1.6 miles to the beach.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl - 110A | 6,037 SF | Industrial | - | Now |
| 1st Fl - 110B | 6,575 SF | Industrial | - | Now |
| 1st Fl - 130 | 11,450 SF | Industrial | Full Build-Out | 30 Days |
1st Fl - 110A
| Size |
| 6,037 SF |
| Space Use |
| Industrial |
| Build-Out |
| - |
| Available |
| Now |
1st Fl - 110B
| Size |
| 6,575 SF |
| Space Use |
| Industrial |
| Build-Out |
| - |
| Available |
| Now |
1st Fl - 130
| Size |
| 11,450 SF |
| Space Use |
| Industrial |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
1st Fl - 110A
| Size | 6,037 SF |
| Space Use | Industrial |
| Build-Out | - |
| Available | Now |
Warehouse Space for Lease in Daytona Beach. 6,037 - 24,062 SF Available. Freshly painted and move-in ready, these warehouse units offer spacious layouts with office space equipped with HVAC for optimal comfort and efficiency. Unit 110A: 6,037 SF with an overhead door. Unit 110B: 6,575 SF with an overhead door. Unit 130: 11,450 SF with four overhead doors. Ideal for storage, repair shops, or light manufacturing, these units offer convenient access and competitive rates. Estimated CAM, real estate taxes, and insurance are $3.85 per SF. Contact us today to secure your space. LOCATION OVERVIEW Located the corner of N. Charles Street and George W. Engram Blvd, near Downtown Daytona Beach. Approximately 5 miles to Interstate 95, 0.6 miles to International Speedway Blvd, and 1.6 miles to the beach.
1st Fl - 110B
| Size | 6,575 SF |
| Space Use | Industrial |
| Build-Out | - |
| Available | Now |
Warehouse Space for Lease in Daytona Beach. 6,037 - 24,062 SF Available. Freshly painted and move-in ready, these warehouse units offer spacious layouts with office space equipped with HVAC for optimal comfort and efficiency. Unit 110A: 6,037 SF with an overhead door. Unit 110B: 6,575 SF with an overhead door. Unit 130: 11,450 SF with four overhead doors. Ideal for storage, repair shops, or light manufacturing, these units offer convenient access and competitive rates. Estimated CAM, real estate taxes, and insurance are $3.85 per SF. Contact us today to secure your space. LOCATION OVERVIEW Located the corner of N. Charles Street and George W. Engram Blvd, near Downtown Daytona Beach. Approximately 5 miles to Interstate 95, 0.6 miles to International Speedway Blvd, and 1.6 miles to the beach.
1st Fl - 130
| Size | 11,450 SF |
| Space Use | Industrial |
| Build-Out | Full Build-Out |
| Available | 30 Days |
Warehouse Space for Lease in Daytona Beach. 6,037 - 24,062 SF Available. Freshly painted and move-in ready, these warehouse units offer spacious layouts with office space equipped with HVAC for optimal comfort and efficiency. Unit 110A: 6,037 SF with an overhead door. Unit 110B: 6,575 SF with an overhead door. Unit 130: 11,450 SF with four overhead doors. Ideal for storage, repair shops, or light manufacturing, these units offer convenient access and competitive rates. Estimated CAM, real estate taxes, and insurance are $3.85 per SF. Contact us today to secure your space. LOCATION OVERVIEW Located the corner of N. Charles Street and George W. Engram Blvd, near Downtown Daytona Beach. Approximately 5 miles to Interstate 95, 0.6 miles to International Speedway Blvd, and 1.6 miles to the beach.
Property Taxes
| Parcel Number | 5338-20-03-0171 | Improvements Assessment | $1,674,492 CAD |
| Land Assessment | $565,165 CAD | Total Assessment | $2,239,657 CAD |
Property Taxes
Presented by
INDUSTRIAL WAREHOUSE | 405 N Charles St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.