333 E Highbanks Rd
26,425 SF 100% Leased Industrial Building Debary, FL 32713 $3,500,000 ($132/SF) 10.50% Cap Rate
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INVESTMENT HIGHLIGHTS
- Great location
- multi tenant
- 6.3 Acres
EXECUTIVE SUMMARY
Multi tenant industrial property, 30 small bay units 500sq'-2000sq' units. Property can be redeveloped to multi family. Property is in high demand growth area. Fully leased (short term leases)
Existing buildings sit on the front parcel 4.7 Acres , there is an additional 1.57 acres vacant parcel also zoned industrial that is undeveloped and abuts the south side of the property and can be purchased for $400k.
Existing buildings sit on the front parcel 4.7 Acres , there is an additional 1.57 acres vacant parcel also zoned industrial that is undeveloped and abuts the south side of the property and can be purchased for $400k.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
$399,000
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$15.10
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Other Income |
-
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-
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Vacancy Loss |
-
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-
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Effective Gross Income |
$399,000
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$15.10
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Taxes |
$17,500
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$0.66
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Operating Expenses |
$14,000
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$0.53
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Total Expenses |
$31,500
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$1.19
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Net Operating Income |
$367,500
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$13.91
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PROPERTY FACTS
AMENITIES
- Front Loading
- Signage
- Yard
- Storage Space
UTILITIES
- Lighting
- Sewer
1 of 1
PROPERTY TAXES
Parcel Numbers | Total Assessment | $1,103,189 | |
Land Assessment | $382,270 | Annual Taxes | $17,500 ($0.66/SF) |
Improvements Assessment | $720,919 | Tax Year | 2024 |
ZONING
Zoning Code | 4800 Warehouse (Industrial most uses allowed, can be re zoned to multi family) |