Current Use by Public Records
- Industrial properties
Property Details for 100 Moderage Blvd
- Year built
- 1979
- Property type
- Industrial properties
- Property subtype
- Manufacturing properties
Description
This exceptional investment opportunity presents a 68,876-square-foot manufacturing facility located at 100 Moderage Blvd, Holly Hill, Florida, 32117. The property boasts a strong 6.00% cap rate and a current Net Operating Income (NOI) of $412,608. The property consists of two buildings, constructed in 1979 and extensively renovated in 2020, situated on land with a price per square foot ranging from $100 to $110. It features a single tenant with an A+ credit rating under a triple-net (NNN) lease. The lease expires August 31, 2024, with two five-year renewal options, each including a 2.5% rent increase. The property is zoned for industrial use and currently enjoys 100% occupancy. This offering is ideally suited for a 1031 exchange. The property's location in Volusia County provides excellent access to transportation networks and a robust local economy. This is a rare opportunity to acquire a high-quality, income-producing industrial asset with significant upside potential. The property's strong tenant, favorable lease terms, and attractive cap rate make it an exceptional addition to any investment portfolio.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Holly Hill
- County
- Volusia
- State
- Florida
- Longitude
- -81.0399
- Latitude
- 29.2339
