Log In/Sign Up
Your email has been sent.
Bldg 1 9 W Tower Cir 53,330 SF Industrial Building Ormond Beach, FL 32174 $9,176,454 CAD ($172.07 CAD/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 | $9,176,454 CAD | Lot Size | 1.65 AC |
| Price Per SF | $172.07 CAD | 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 | $9,176,454 CAD |
| Price Per SF | $172.07 CAD |
| 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 | $2,765,931 CAD |
| Land Assessment | $273,991 CAD | Total Assessment | $3,039,922 CAD |
Property Taxes
Parcel Number
4218-02-00-0560
Land Assessment
$273,991 CAD
Improvements Assessment
$2,765,931 CAD
Total Assessment
$3,039,922 CAD
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Bldg 1 | 9 W Tower Cir
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.