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7% CAP 100% Leased Income-Generating Property 955 Foster Way 25,000 SF 100% Leased Office Building South Daytona, FL 32119 $4,813,440 CAD ($192.54 CAD/SF) 7.01% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Leased Investment
- Strong Tenant Retention
- Prime Location
EXECUTIVE SUMMARY
Located at 955 Foster Way, Building 3 within Landmark Business Park, this free-standing 25,000 SF mixed-use facility is fully leased to six diverse tenants, including local, national, and global businesses. While it is part of a four-building condominium, only this building is included in the sale. The current ownership has made significant improvements, enhancing the property's appeal and ensuring strong tenant retention. Positioned just minutes from the new I-4 and I-95 intersection, the area is experiencing rapid growth with thousands of new multifamily units, single-family homes, and expanding retail/commercial
developments. With rental rates poised for market adjustments, this 100% occupied investment property presents a prime opportunity with strong income potential. This property is part of a professionally managed four-building commercial condominium. The quarterly condo fee is $8,750 and covers shared expenses such as exterior maintenance, landscaping, insurance, and common area upkeep—ensuring the property remains in excellent condition and minimizing landlord responsibilities.
developments. With rental rates poised for market adjustments, this 100% occupied investment property presents a prime opportunity with strong income potential. This property is part of a professionally managed four-building commercial condominium. The quarterly condo fee is $8,750 and covers shared expenses such as exterior maintenance, landscaping, insurance, and common area upkeep—ensuring the property remains in excellent condition and minimizing landlord responsibilities.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$547,446
|
$21.90
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$547,446
|
$21.90
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$209,947
|
$8.40
|
| Net Operating Income |
$337,499
|
$13.50
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $547,446 |
| Annual Per SF | $21.90 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $547,446 |
| Annual Per SF | $21.90 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $209,947 |
| Annual Per SF | $8.40 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $337,499 |
| Annual Per SF | $13.50 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
25,000 SF
Building Class
B
Year Built
2008
Price
$4,813,440 CAD
Price Per SF
$192.54 CAD
Cap Rate
7.01%
NOI
$337,498 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
25,000 SF
Building FAR
0.06
Lot Size
10.37 AC
Zoning
PCD - PCD
Parking
143 Spaces (6 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Health Care and Social Assistance
- -
- -
- -
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| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Health Care and Social Assistance | - | - | - |
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PROPERTY TAXES
| Parcel Number | 5344-16-00-1320 | Improvements Assessment | $1,694,333 CAD (2025) |
| Land Assessment | $493,615 CAD (2025) | Total Assessment | $2,187,948 CAD (2025) |
PROPERTY TAXES
Parcel Number
5344-16-00-1320
Land Assessment
$493,615 CAD (2025)
Improvements Assessment
$1,694,333 CAD (2025)
Total Assessment
$2,187,948 CAD (2025)
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7% CAP 100% Leased Income-Generating Property | 955 Foster Way
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