53K SF NNN - Airport Business Park
Ormond Beach, FL Outer Ormand Beach

$6,700,000 USD

Industrial For Sale • 52,990 SF

2 Properties View all

Property Details

Property Type Industrial

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