and Interstate 95 Bellvue Ave Daytona Beach, FL 32114
- Industrial properties
- 15,500 SF
Current Use by Public Records
- Industrial properties
Property Details for and Interstate 95 Bellvue Ave
- Year built
- 2020
- Property size
- 15,500 SF
- Property type
- Industrial properties
- Property subtype
- Flex space
Description
This exceptional investment opportunity presents a fee-simple ownership of a Class A, 15,500 square foot industrial flex property in Daytona Beach, Florida. Located at the highly visible intersection of Bellevue Ave and Interstate 95, this property boasts over 500,000 daily vehicle counts, ensuring maximum brand exposure. The property features a 11-year net lease with AT&T, a credit-rated tenant, with a remaining term of approximately 4.1 years. The lease commenced January 1, 2018, and expires January 1, 2029, with two 5-year extension options at a 3% annual rent increase. The current annual net operating income (NOI) is $7,200, representing a 4.80% cap rate. The property includes a ground lease expiring January 1, 2028, with 5 years remaining. The asking price is $149,999, translating to $9.68 per square foot. The 0.33-acre lot is zoned for general commercial and industrial use, offering significant flexibility. The property was built in 2020 and includes 20 parking spaces per 1,000 square feet. This is a rare opportunity to acquire a high-visibility billboard with a strong, long-term tenant in a prime Daytona Beach location. The property's strategic location near Daytona International Speedway, Daytona Beach International Airport, and major shopping centers further enhances its value and potential for future growth. The property's parcel ID is 5227-00-00-0130.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Daytona Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.0824
- Latitude
- 29.1675
