Remarks

Two Commercial Condos totaling 6,604 SF with storefront on busy Luna Bella Lane.-Unit C (Suite 131): 4,354 SF is leased by Snap Fitness through April 2033.$62,819.12 Current Annual Base Rent 1/1/2024-12/31/2024, 4% annual increases except 2029 which has 19% increase, PLUS Tenant pays condo dues and real estate taxes.-Unit B (Suite 133): 2,250 SF is vacant and available for lease at projected $24.00 per SF base rent.$54,000 Annual Base Rent, PLUS Tenant will pay condo dues and real estate taxes.Projected Initial Cap Rate 7.8% with both units leased. Projected Overall Cap Rate 9.1% when factoring in all increases.Location has some of the best demographics in East Volusia County.

Details

MLS#: 1119218
Price: $1,500,000

Style: Comm-Land & Bldg Incl
Year Built: 2007

County: Volusia