Listed by SVN | Alliance Commercial Real Estate Advisors
$1,450,000
Ormond Beach Income Property - Fully Leased 8+%
Details
Property Type Retail
Square Footage 4,016
Cap Rate 8.15%
NOI $118,233
Occupancy 100%
Tenancy Multi
Rent Bumps Yes
Year Built 2008
Buildings 2
Acreage 5.000
Zoning A-2
Investment Type Stabilized
Ground Lease No
Ormond Beach Income Property - Fully Leased 8+%
Marketing description
Ormond Beach Income Property - Fully Leased
5 Acres on West Granada Blvd(SR40) - The Arboretum
Single Family Home - 2,000 SF - Wrap Around Porches
1 Year Lease - Rent is $2,400 Per Month
Commercial Lease - Effective 1/1/26 - 12/31/32
$8,400 Per Month - 3% Annual Increases
Tenant Responsible for Maintenance, Utilities and Liability Insurance
No Requirement For Property Insurance
Landlord Responsible for RE Tax($11,367)
Gross Rental Income = $129,600
Net Operating Income = $118,233
Investment highlights
Listing Contacts
Listed by SVN | Alliance Commercial Real Estate Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$118,233.00
$9,852.75/mo
Valuation Metrics
0
DSCR
8.15%
Cap Rate
8.15%
ROI
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