AlMustapha
MLS#A12008277
STATUSActive
PROPERTY TYPECommercial - 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.
Property Features
Property Type: Commercial - Industrial
Lot Size: 3.45 Acres
Feature Descriptions
Crops Included Y/N: No
Home Warranty Y/N: No
Lease Considered Y/N: No
Parcel#: 5338-20-03-0171
Property Attached Y/N: No
Property Sub-Type: Industrial
Listed By / Shown By
Listed By
Agency Name: APEX Capital Realty LLC
Agency Phone: 305-570-2600
Shown By
Agent Name: Al Mustapha
Agent Phone: Cell: (954) 801-1904
Agency Title: Realty 100
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405 N Charles St | MLS# A12008277
This commercial property located at 405 N Charles St , Daytona, FL 32114 is currently listed for sale with an asking price of $4,100,000. Search Daytona real estate on almustapha.realty100.com today.