333 E Highbanks Rd

26,425 SF 100% Leased Industrial Building Debary, FL 32713 $3,500,000 ($132/SF) 10.50% Cap Rate

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.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $399,000 $15.10
Other Income - -
Vacancy Loss - -
Effective Gross Income $399,000 $15.10
Taxes $17,500 $0.66
Operating Expenses $14,000 $0.53
Total Expenses $31,500 $1.19
Net Operating Income $367,500 $13.91

PROPERTY FACTS

Price $3,500,000
Price Per SF $132
Sale Type Investment
Cap Rate 10.50%
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Auto Dealership
  • Industrial Distribution
  • Industrial Manufacturing
Building Class C
Lot Size 6.30 AC
Rentable Building Area 26,425 SF
No. Stories 1
Year Built/Renovated 1957/1994
Parking Ratio 1.89/1,000 SF
Clear Ceiling Height 10’
No. Drive In / Grade-Level Doors 1

AMENITIES

  • Front Loading
  • Signage
  • Yard
  • Storage Space

UTILITIES

  • Lighting
  • Sewer

PROPERTY TAXES

ZONING

Zoning Code 4800 Warehouse (Industrial most uses allowed, can be re zoned to multi family)
  • Listing ID: 32967647

  • Date on Market: 8/27/2024

  • Last Updated:

  • Address: 333 E Highbanks Rd, Debary, FL 32713