BUNNELL PLAZA. Offering Memorandum. 501 N. State Street Bunnell, FL 32110

Transcription

1 Offering Memorandum 501 N. State Street 301 S. New York Avenue Suite 200 Winter Park, FL Ph: Fx:

2 PROPERTY INFORMATION PROPERTY DETAILS Property Name: Bunnell Plaza Property Address: 501 N. State Street 500 N. Railroad Street Property Type: Industrial/Flex Building Size: 20,970 SF Units: 10 Retail; 9 Warehouse Approx. Parcel Size: 1.52 AC Parcel ID Number: Year Built:

3 PROPERTY INFORMATION PROPERTY AERIAL 4

4 PROPERTY INFORMATION LOCATION Bunnell Plaza is located in Flagler County, part of the Deltona-Daytona-Ormond Beach MSA, along with Volusia county. The Volusia/Flager area is best known for its tourism industry, attracting millions of visitors each year, with Daytona Beach, Flagler Beach, New Smyrna Beach and Ormond Beach being the largest draws. N 5

5 PROPERTY INFORMATION PHOTOS 6

6 PROPERTY INFORMATION PHOTOS 7

7 MARKET INFORMATION AREA DEMOGRAPHICS mile 3-mile 5-mile Total Population 1,292 8,085 32,665 Male Population 639 3,892 15,695 Female Population 653 4,193 16,970 Total Daytime Population 2,202 8,867 28,821 Total Employees 1,236 3,189 7,942 Median Age % Population Change % % % Total Households 400 3,170 11,963 % Household Change % % % Median Household Income $47,068 $48,907 $48,908 Average Household Income $57,188 $57,638 $59,948 Per Capita Income $22,693 $23,521 $22,184 Source: Loopnet

8 MARKET INFORMATION SOLD COMPARABLES W. Lambert Street Sale Date: 12/10/2015 Bldg. Size: 3,468 SF Lot Size:.24 Acres Sale Price: $200,000 Price/SF: $57.67/SF Property Type: Industrial; Warehouse 2 2 Enterprise Drive Sale Date: 08/12/2015 Bldg. Size: 5,500 SF Lot Size:.72 Acres Sale Price: $360,000 Price/SF: $65.45/SF Property Type: Industrial; Manufacturing N. US Hwy 1 Sale Date: 08/31/2014 Bldg. Size: 3,800 SF Lot Size: 2.07 Acres Sale Price: $320,000 Price/SF: $84.21/SF Property Type: Industrial; Business Park 9

9 MARKET INFORMATION SOLD COMPARABLES MAP

10 MARKET INFORMATION SALE COMPARABLES E Moody Blvd. Sale Price: $3,700,000 Price/SF: $96.30/SF Bldg. Size: 38,420 SF Lot Size: 4.83 Acres Year Built: 2003 Occupancy: 100% Property Type: Flex Ninth Street Sale Price: $798,000 Price/SF: $83.82/SF Bldg. Size: 9,520 SF Lot Size: 1.13 Acres Year Built: 2009 Occupancy: 47.5% Property Type: Warehouse S. State Street Sale Price: $399,000 Price/SF: $46.88/SF Bldg. Size: 8,511 SF Lot Size: 2.90 Acres Year Built: 1998 Occupancy: 91.2% Property Type: Strip Center 11

11 MARKET INFORMATION SALE COMPARABLES MAP

12 MARKET INFORMATION LEASE COMPARABLES E. Moody Blvd. Bldg. Size: Bldg. Type: Space Avail.: Rent/SF/Yr: 45,729 SF Retail 2,400 SF $9.00/SF MG Ninth Street Bldg. Size: 9,520 SF Bldg. Type: Industrial Year Built: 2009 Space Avail.: 9,520 SF Rent/SF/Yr: $8.32 MG Occupancy: 0.0% S. State Street Bldg. Size: 8,511 SF Bldg. Type: Strip Center Year Built: 1998 Space Avail.: 750 SF Rent/SF/Yr: $ Util N. US Highway 1 Bldg. Size: 4,750 SF Bldg. Type: Strip Center Year Built: 2004 Space Avail.: 2,000 SF Rent/SF/Yr: $10.80 MG 13

13 MARKET INFORMATION LEASING COMPARABLES MAP

14 OFFER OFFERING DETAILS ASKING PRICE: $1,300,000 ($62.00/SF) To schedule a showing or for more information, please contact: Robert Hold Hold Thyssen, Inc. (407) bhold@holdthyssen.com 17