Income Producing Office Condo
305 Clyde Morris Boulevard Unit 100, Ormond Beach, Florida 32174
Sold: $297,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
1,800 sqft
Zoning
B-10
Year Built
2003
Cap Rate
8.3%
Property Description
Small Investor Offering - 1,800 SF Office Condo.
- Long term tenant since 2008.
- New lease expires August 31, 2023.
- $36,842.24 Annual Rent plus increases. $25,984.64 net rent after expenses. 8.3% Cap Rate.
- Condo Association handles all building and grounds maintenance.
- HVAC replaced in 2017.
- Building and Monument Signage.
- Great to add to your investment portfolio!
LOCATION OVERVIEW
Located on the southeast corner of Clyde Morris Boulevard and Hand Avenue. Approximately 2.4 miles to AdventHealth Daytona Beach, 2.3 miles to Interstate 95, and 5.6 miles to Halifax Health Medical Center.
Location
Contact
John W. Trost, CCIM
SVN | Alliance Commercial Real Estate Advisors