FULLY LEASED INDUSTRIAL PROPERTY 970 Clyde Morris Boulevard, Daytona Beach PROPERTY SPECIFICATIONS Parcel ID: 5211-28-00-026A Total Land Size: 3.01 Acres Building Size: 23,750 Sq Ft Construction: Split-face Block Year Built: 2006 Eave Height: 24 Units: Two Warehouse Units Parking: 85+ Spaces Zoning: M-3 General Industrial 23,750 SF Building - 8.2% CAP Rate Cash on Cash with Financing 13.15% Tenancy includes Large, Global Long Term Tenant and Local, Well Established Business Convenient Daytona Beach Location Features Easy Truck Access Sale Price: $1,875,000 Presented by: Buddy Budiansky, CCIM Ron Frederick, PA 386.334.2865 386.334.8997 BuddyB@ccim.net RonFrederick@cfl.rr.com Prudential Commercial Real Estate FL 120 S. Palmetto Ave., Daytona Beach, Fl. 32114
Location Map Terms & Conditions of Accepting This Offering Memorandum Prudential Commercial Real Estate FL. has prepared this offering memorandum for the referenced property. Prudential Commercial Real Estate FL is a licensed real estate broker in the State of Florida and is presenting this property on behalf of the Owners. While best efforts have been made in compiling the Offering Memorandum, neither the Owners nor Prudential Commercial Real Estate FL make any representations or warranties, expressed or implied, with respect to the accuracy or completeness of the information contained in this document. All projections are based upon assumptions relating to the general competition, general economy, and other factors beyond the control of the owners and Prudential Commercial Real Estate FL, and therefore, is subject to variations. This Offering Memorandum does not constitute an indication that there have been no changes to the property or its environment since the date of preparation of the Offering Memorandum. Prospective Purchasers should discuss the proposed land use with the governing municipal body in which the property is located. Additional information will be made available to interested and qualified prospective buyers. This Offering Memorandum and its contents, except where such information is a matter of public record or is provided by sources available to the public, are of confidential nature. By accepting this Offering memorandum, the Recipient acknowledges that they understand the confidential nature of its contents, and accordingly, represent to the owner and Prudential Commercial Real Estate FL that the Recipient will not reproduce or disclose the contents to any other entity without prior written authorization from Prudential Commercial Real Estate FL.
Area Summary Community: Daytona Beach Location Summary: Daytona Beach is considered the regional commercial and cultural center of eastern Volusia County. It has been described as a dynamic business environment with opportunities for development of small home businesses to large corporations and everything in between. Situated at the convergence of I-95 and I-4, two major interstate highways, providing easy access to the third largest consumer region in the United States with a population of more than 17 million. The Daytona Beach area is a diverse community offering a balance of recreation and resort businesses, highly ranked colleges and universities, manufacturing businesses, industrial and office parks. County Map
Zoning Uses - M-3 General Industrial Permitted Use Special Use Permit Public/Semipublic Use Permit AIRCRAFT - Flight instruction, Fuel sales, Equipment sales & service, Aircraft repair & servicing, Transit operations, Terminal OTHER INSTITUTIONAL USES - House of worship NONE UTILITY USE - Minor BOAT & MARINE - Docking commercial & passenger ANIMAL CARE - Grooming RECREATION/ENTERTAINMENT - County club, Golf course, Field sports, swimming, court games BOAT & MARINE - Dry storage, Parts sales & installation, Repair & service, Sales & rental, Docking recreational boat, Marina, Yacht Club BUSINESS SUPPORT SERVICES - Business center, Conference & Training center, Day labor service, Employment agency, Parcel service, Call center, Travel agency MOTOR VEHICLE SALES & SERVICE - Fleet service repair, Sales or rental of heavy vehicles, Tire sales & mountings OFFICE - Business services, Contractor office, Professional services IDUSTRIAL SERVICES - Contractor storage, Carpet cleaning/dyeing, Research & development, Electric motor repair, Machine/Tool shop, Fuel oil/bottled gas distribution, Fuel oil storage, General industrial, Leather work, Upholstery, Motion picture studio, Scientific/Professional instrument repair MANUFACTURING - Hydroponic garden facility, Light manufacturing WAREHOUSE - Warehouse storage and distribution WHOLESALE - Showroom
Executive Summary Property Description: Multi tenant flex space suitable for wholesale distribution and light industrial with good visibility. 3.01 acres of land. Owner is licensed real estate Broker. Location: The property is located on a high visibility corner in an industrial / business district on the corner of Bill France and Clyde Morris Blvd. This area includes Keiser University, Florida Department of Revenue, and the Daytona Beach General Mail Facility Post Office. Located near the Daytona Beach International Airport, the Volusia Mall, and the Daytona Beach main throughway with easy access to I-95. Building Specifications: Total SF 23,750, 7,500 SF AC, fully sprinkled, two loading docks, six grade level 12 X 14 overhead doors, 24 eaves. Access: There are two access points for this property. One is on the east side of Bill France and the other coming in from the south side on Clyde Morris. Zoning: The zoning is M-3 General Industrial Tenancy: Multi Tenant Foundation: Concrete floor Frame: Steel Construction: Split face block, stucco, steel Roof Cover: Parking: ADA Compliance: Steel roof 85+ parking places Handicapped access available to all areas of the building. CASH ON CASH PROFORMA Purchase Price $1,875,000 Total Debt Service 75% Financing $1,406,250 Cash Investment $468,750 Financing 4.25%/25yrs NOI after Debt Service $61,627 Cash on Cash 13.15%
BRIDAL 250 TRANE 17 95 SHELVING SHELVING FRONT DOORS OVERHEAD DOOR 3 60 Floor Plan Bathroom Bathroom OFFICE OFFICE COOLER COOLER OFFICE OFFICE
UNITS 132-136 UNITS 100-136 Site Plan
Aerial Photo Bill France Blvd. 970 N. Clyde Morris Blvd. N. Clyde Morris Blvd. Aerial Maps GRAINGER FEDEX CARRIER ENTERPRISES FL DEPT REVENUE KIESER COLLEGE POST OFFICE UPS VOLUSIA MALL DAYTONA INTERNATIONAL SPEEDWAY DAYTONA INTERNATIONAL AIRPORT
Property Photographs
ONE DAYTONA is a premier entertainment, dining and retail destination project proposed by Jacoby Development and International Speedway Corporation. Bass Pro Shops, America's most popular outdoor store, and Cobb Theatres, the highly respected Southeastern-based exhibitor, have both signed letters of intent to anchor the development. ONE DAYTONA will be located directly across from the legendary Daytona International Speedway. This potential landmark development encompasses 181 acres ISC already owns north of International Speedway Boulevard in Daytona Beach, FL. Near the crossroad of I-95 and I-4, this project is in close proximity to the World's Most Famous Beach and at the doorstep to the third-largest consumer region in the United States with approximately 17 million people. The preliminary conceptual designs for the first phase of ONE DAYTONA include 1.1 million square feet of world-class shopping, fine dining, hotel, theater and other entertainment just steps from the "World Center of Racing". WHY ONE DAYTONA? "DAYTONA" means so many things to so many people from the World's Most Famous Beach, to the birthplace of NASCAR, the "World Center of Racing" and "The Great American Race." It's also a great college town with over 22,000 students and a prime location for business. But above all, Daytona is a very special place that so many wonderful people call home. ONE DAYTONA is more than simply an address it is the perfect expression of what makes this place and its people so special. We take the responsibility for delivering on that promise very seriously. We are proud to be writing this exciting chapter in Daytona's history and look forward to working with all of Daytona Beach and Volusia County to make it a reality. Our goal with ONE DAYTONA is to create a singular and distinctive place for all of Greater Daytona Beach to live, work and play. 1 World's Most Famous Beach + 1 World Center of Racing = ONE Daytona! Project Breakdown International Speedway Corp. on Tuesday unveiled plans for a massive retail/residential/office development on 181 acres of property surrounding the company's headquarters across from Daytona International Speedway. Details of the initial phase of One Daytona include: Pricetag: The initial phase will require an investment of hundreds of millions of dollars, a development partner said. Size: Initially, 1.1 million square feet, and eventually One Daytona could grow to 5 million square feet. Who's coming: Bass Pro Shops and Cobb Theaters have signed letters of intent to locate in the development, and ISC officials say deals with more tenants are in the works. Plans for the initial development also include 240 loft residential units, a 120-room boutique hotel, a full-service hotel with 240 rooms, a grocery market, and additional restaurants and other retail stores. Jobs: ISC officials estimate the initial phase will create 4,200 permanent jobs. Deadline for the initial phase: Early 2016, to coincide with the completion of renovations to the Speedway. From http://onedaytona.com and area news articles.
Demographic and Income Profile Prepared by Buddy Budiansky & Ron Frederick Summary - 1 mile radius 2010 2011 2016 Population 6,947 7,029 7,344 Households 2,992 3,024 3,147 Median Age 32.7 32.8 33.7 Median Household Income $28,877 $33,622 Average Household Income $41,057 $47,373 Summary - 3 mile radius 2010 2011 2016 Population 47,533 47,888 50,390 Households 19,075 19,266 20,383 Median Age 35.9 36.0 37.1 Median Household Income $28,711 $34,088 Average Household Income $39,910 $45,495 Summary - 5 mile radius 2010 2011 2016 Population 109,912 109,857 113,658 Households 49,521 49,423 51,145 Median Age 43.2 43.3 44.6 Median Household Income $31,890 $38,097 Average Household Income $45,372 $51,613 Data Note: Income is expressed in current dollars Made with Esri Business Analyst Source: Source: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2011 and 2016.
Buddy Budiansky CCIM Ron Frederick, P.A. Mobile: 386.334.2865 Fax: 386.252.0944 buddyb@ccim.net Mobile: 386.334.8997 Fax: 386.252.0944 ronfrederick@cfl.rr.com Buddy Budiansky is the Vice President of the Commercial Services Division of Prudential Commercial Real Estate FL. He joined Prudential in 1992 and has been a commercial Realtor since 1989 and a Broker/Associate since 1993. Buddy specializes in office properties and general commercial sales, leasing, and development in the Greater Daytona Beach Area. Buddy is a CCIM designee (Certified Commercial Investment Management, awarded by the National Association of Realtors). This designation is currently held by only 10,000 of the 150,000 commercial Realtors in the world. In 2008 Buddy received the Transnational Referral Certification from the International Consortium of Real Estate Associations networking him with certified international property specialists worldwide. Buddy also served as President of the Kiwanis of Daytona Beach and is a member of the Downtown Beach Street Partnership. Ron Frederick, Senior Commercial Real Estate Specialist, has been with Prudential since 1999. Active in real estate development for over 25 years, Ron has a vast knowledge of commercial real estate from the ground up. Ron s background takes him far beyond real estate sales, to the hands on experience of planning, engineering, architecture, construction, and beyond. Although specializing in warehouse and flex space, Ron has worked on all types of commercial projects with some of the largest national tenants in the area. Before entering the commercial real estate field, Ron owned and operated a large manufacturing and distribution facility, employing as many as 70 people. Awards and Memberships Awards and Achievements REALTOR of the Year Awards Prudential Leading Edge Society Awards Prudential President s Circle Awards Prudential Chairman s Circle Diamond Awards Prudential Chairman s Circle Gold Awards Ranked 4th in the Country Prudential Sales Team Top 1% in Sales in the Country Prudential Professional Organization Memberships Daytona Beach Area Association of Realtors Florida Association of Realtors National Association of Realtors Central Florida Commercial Realtors Volusia Economic Development Daytona Beach Chamber of Commerce Holly Hill Chamber of Commerce Transactions Negotiated State of Florida Department of Revenue Century Clinical Research, Inc. Small Business Administration Eaton Hydraulic Supply Florida Health Care Suntrust Bank Apria Health Care Check Point Carrier International Air Conditioning (United Technologies) Tru Green Chemlawn (A Division of Servicemaster) Florida Department of Child Services Enforcement Trane (A Division of Ingersoll Rand) Internal Revenue Service Rand McNally, Inc. Blockbuster, Inc. Rentway