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Property profile

1991-1993 Industrial Dr DeLand, FL 32724

OFF-MARKET
Office Spaces
42,423 SF 3.35 ac lot Built 1997
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Property summary

AI-generated overview

This exceptional Class A executive office complex, totaling 42,423 square feet, is situated on a 3.35-acre lot within the Deland Municipal Airport Business Park. The property comprises two buildings, each two stories high, built in 1997 and extensively renovated in 2021. Building 1991 Industrial Drive offers 18,125 square feet, while 1993 Industrial Drive provides 24,423 square feet. The modern floorplans feature abundant natural light. Enjoy remarkable runway views from windows and balconies, a unique benefit of this location. The property boasts 500 feet of frontage along Industrial Drive and 200 feet along Edison Drive, directly facing the Deland Airport runway. Ample parking is available, with a ratio of 4.2 spaces per 1,000 square feet. The M-1 zoning allows for industrial uses. Building signage is permitted. Conveniently located near amenities, the Downtown Deland Business District, and the YMCA, this property also offers easy access to I-4 and I-95, as well as Daytona and Downtown Orlando. The occupancy date is April 30, 2024. This owner/user investment opportunity is zoned M-1.

Property profile

Verified
Property type Office Spaces
Year built 1997
Total area 42,423 SF
Lot 3.35 ac (145,926 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1991-1993 Industrial Dr DeLand, FL 32724
DeLand metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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