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9 W Tower Cir
Ormond Beach, FL 32174 Outer Ormand Beach

Price Upon Request

Warehouse For Sale  •  32,830 SF

Property Details

  • Property Type Warehouse
  • Total Building Size 32,830 SF
  • Lot Size 1.65 AC
  • Building Class B
  • Year Built 1996
  • Tenancy Single
  • Zoning IBP
0 Transit Score
6 Walk Score

Highlights

Absolute NNN Sale-Leaseback to Original Operator: Leased to ITA Acquisition LLC (dba Mirasol Shutters) under a 12-year absolute NNN lease through 2034
Mission-Critical Manufacturing Facility: The tenant designs and manufactures its flagship Mirasol Shutter line from this property
Below-Market Rent with Embedded Upside: Current rent of $6.80/SF NNN is materially below regional industrial market rents ($9–$11 /SF NNN+)
Attractive Basis and Yield Growth: Offered at $6.7M ($125/SF), well below replacement cost for comparable Florida industrial product
Strategic North Florida Location: Positioned in Airport Business Park, minutes from I-95, I-4, U.S. 1, and Ormond Beach Municipal Airport

Amenities

  • Fenced Lot
  • Front Loading
  • Mezzanine

Public Transportation

AirportDriveWalkDistance
Daytona Beach International 26 min - 13.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 52
Type: Surface
Included in Rent: Yes