405 N Charles St, Daytona, FL 32114
405 N Charles St, Daytona, FL 32114
405 N Charles St, Daytona, FL 32114
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Monica Cataluña, CCIM, ALC

Monica Cataluña, CCIM, ALC

+1(954) 812-1831
$4,100,000
Est. payment /mo
37,125 SqFt
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Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 37,125 sqft

Price per Sqft $110

MLS Listing ID A12008277

HOA Y/N No

Lot Size 3.450 Acres

Property Sub-Type Industrial

Property Description

Value-add multi-bay industrial asset in the heart of Daytona Beach. This 37,125 SF warehouse sits on a 3.45-acre lot with direct frontage along George W Engram Blvd/Fairview Ave, offering excellent access to key commercial corridors. The property features five bays, nine grade-level loading doors, 16' clear heights, and approximately 10% office buildout. Currently 82% occupied with four tenants, the asset generates approximately $221,000 in NOI with significant upside potential. Multiple tenants are below market rents, with three leases rolling within 12 months, creating a clear path to increase income. Projected stabilization at ~$11.50/SF NNN supports a 10.59% cap rate, offering strong returns in a high-demand industrial market.

Location

State FL

County Volusia

Area 5940 Florida Other

Exterior

Private Pool Yes

Others

Tax ID 5338-20-03-0171

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12008277

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by APEX Capital Realty LLC

Nearby Locations

Monica Cataluña, CCIM, ALC

"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

2665 Executive Park Drive, Suite 1 Weston, FL, 33331

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405 N Charles St