Daytona Beach Shores Condo Site- JUST SOLD

Posted by Chris Riehm on March 16, 2018 under by Tim Davis, daytona beach commercial real estate, Daytona Commercial Real Estate, News Releases | Be the First to Comment

SVN Alliance is proud to announce the sale of 3411 S. Atlantic Ave. The 1.04 acre property in Daytona Beach Shores sold for $2,400,000. The site is located directly north of the Dunlawton beach approach. Tim C. Davis represented the parties on this transaction. The Seller was Legacy Group of Georgia LLC, and the Buyer was Daytona Beach Shores LLC. This represents the first oceanfront land sale since September of 2016, the sale of 749 S. Atlantic in Ormond Beach, also transacted by Mr. Davis. Development sites such as 3411 S. Atlantic are becoming increasingly scarce in the Daytona Beach Market and these sites provide a unique opportunity to shape the future of the Daytona skyline.

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For Lease- 7500 SF Dock High Warehouse Space

Posted by Chris Riehm on March 12, 2018 under by Tim Davis, Commercial Real Estate Definitions, daytona beach commercial real estate, Daytona Commercial Real Estate, investment property for sale in daytona beach | Be the First to Comment

SVN Alliance is offering +/- 7,500 SF for lease in 705 Fentress Blvd. The leasable area is the rear 2/3 of the building. The space features 450 SF of office space, and two ADA restrooms. Three 10×14 bay doors, above grade, one with a hydraulic leveler and the other two have a ramp parallel to the building for forklift access. Building has 800 amp power, 18’ clear height, and a 75’ truck court from the building to the property line. Metal Halide light fixtures in the shop with skylights provide excellent lighting. Current tenant in 1/3 of the building would be willing to relocate to the rear portion of a prospect wanted the front space with more office space and mezzanine storage above.

Price $6.50 SF/yr (NNN)

Contact info:

Tim Davis, CCIM

386-566-4917

tim.davis@svn.com

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New Listing- Hard Corner Commercial Development Site

Posted by Chris Riehm on March 5, 2018 under by Tim Davis, Commercial Real Estate Definitions, daytona beach commercial real estate, Daytona Commercial Real Estate, investment property for sale in daytona beach | Be the First to Comment

This 8+/- acre commercial development site is at the lighted intersection of two of Daytona Beach’s most active roadways, International Speedway Blvd (US 92) and LPGA Blvd. This area, and both of these roadways, are experiencing incredible growth and development today. The site is just minutes from Latitude Margaritaville, Daytona Beach Int’l Airport, Daytona International Speedway, Tanger Outlets and ONE Daytona. The property is already cleared, has incredible visibility to traffic and provides quick access to I-4 and I-95. This intersection would be ideal for gas/C-store and retail development.

Price 1,600,000

Tim Davis, CCIM

386-566-4917

tim.davis@svn.com

 

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New Listing +/-20,000 SF Build to Suit Industrial Site

Posted by Chris Riehm on March 1, 2018 under by Tim Davis, Commercial Real Estate Definitions, daytona beach commercial real estate, Daytona Commercial Real Estate, investment property for sale in daytona beach, Uncategorized | Be the First to Comment

SVN Allianance is pleased to present an excellent industrial flex build-to-suit project along the US-1 corridor. The property is on the corner of Parque and Calle Grande, right on the border of Ormond Beach and Holly Hill. The site is +/- 1.5 acres and is fully engineered for approximately 20,000 SF. There could be some flexibility depending on parking requirements. The site plan is attached to this listing as a blank canvas for your concept.

The location is behind a Publix anchored shopping center, with multiple restaurants, retailers, banking centers nearby. This is clean, quiet, safe location for a new business with excellent access to all parts of east Volusia county and beyond.

Price $1,500,000

Tim Davis, CCIM

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Just Listed – Riverfront Mixed Use Retail/Condo Development Site

Posted by Chris Riehm on January 9, 2018 under by Tim Davis, Daytona Commercial Real Estate, Uncategorized | Be the First to Comment

SVN Alliance is pleased to present an excellent mixed-use and/or condo development site on the Intracoastal Waterway(Halifax River) in South Daytona Florida. The total site is 8.7 acres with over 600’ of river frontage, and over 1000’ on US Highway 1. This is a fully entitled project with development agreement in place, and an excellent candidate for either pure condo development, or a mixed use concept with retail and condominium components. The currently approved development agreement allows for 522 units at R-60 density, and a maximum building height of 185’

There is currently a submerged land lease in place for a dock/fishing pier, however previous site plans and approved PD agreements with the City of South Daytona did include wet slips.

This is an excellent location, just 2.5 miles to the beaches via Dunlawton Ave, 5.5 miles to the Daytona International Airport. Multiple shopping venues, .34 miles to Sunshine Mall , a Publix anchored shopping center, 6.95 miles to One Daytona, and 9.04 miles to the newly completed Tanger Outlet Mall. Further afield, the location is just a quick 90 minute drive to the Orlando attractions. By boat, the site would allow 20-25 minute transit to the Ponce Inlet for Atlantic Ocean access.

$5,100,000

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12,000 SF Industrial & 16,000 SF Investment Sale – Company Relocation from Massachusetts

Posted by admin on November 28, 2017 under by Tim Davis, daytona beach commercial real estate, Daytona Commercial Real Estate, News Releases | Be the First to Comment

The 12,000 SF building at 1640 Segrave in South Daytona has sold on November 22nd.  The buyer is the Standard Rivet Company, a company relocating here from Massachusetts. (www.standardrivet.com). Standard Rivet was founded in 1888 and after 127 years of continuous business, is the leading manufacturer of quality rivets, staples, machine tools for setting rivets in clothing as well has safety harness and related equipment.

The Seller was PDJM LLC, and family office based in Daytona Beach who had owned the building as an investment for over 30 years. Tim Davis of SVN Alliance represented the Seller in the transaction. The sale price was $540,000 and included Seller concessions of $88,000 for various deferred maintenance. The adjusted sale price would be just over $52/SF; a remarkable sale price for an above grade warehouse with 12′ clear height.

Additionally, Standard Rivet purchased the multi-tenant office building at 1825 Business Park Blvd as an investment property. 16,000 SF Net Leased Office with 6 Tenants. The purchase price was $2,000,000 representing an 8% Cap Rate. Carl Lentz, also with SVN Alliance represented the Seller of this asset, Tempo Company Inc who purchased the asset in 2005 for $1,600,000. Mr Lentz represented both parties in the 2005 transaction as well.

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21,000 SF Multi-Tenant Income Warehouse Park – Sold

Posted by admin on October 31, 2017 under by Tim Davis, daytona beach commercial real estate, Daytona Commercial Real Estate, investment property for sale in daytona beach, News Releases | Be the First to Comment

The 21,300 SF Fern Business Park located on Sixth St, directly across from the News Journal has sold. The Seller was Phyllis Oevermann, who was the developer of the business park. The land was purchased in 1972 and construction on the four buildings spanned into the mid-1980’s. A former Mainland High School teacher, Oevermann purchased the land and developed the buildings to facilitate here post-teaching career; she started and ran Shoreline Silks in the park for over 25 years.

The property was marketed by Tim Davis of SVN Alliance on and off for the last decade, and was placed back on the market in July of 2016. The park was 94% occupied at the time of sale, with a sale price of $782,500. This represents a sub-9% cap rate, and well in line with the current market for non-credit investment property.

The business park is best know for it’s long-term tenants. Notably Gina’s Deli, which has been in operation for 14 years at the location, with their predecesor Louis’ Deli was there for over 10 years. PJ Sign Systems, has been in the business park for over 15 years.

The Buyer was Fern Street LLC, and group represented by Len Marinaccio of Ormond Beach. The immediate plans are to operate the park as it is, and make some minor improvements and beutification along the way.

For any questions about the details of this sale (or other industrial properties in the market) do not hesitate to call Tim Davis with SVN Alliance.

Tim Davis, Partner
SVN Alliance
386-566-4917
tim.davis@svn.com

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New Oceanfront Condos Finally Break Ground in Daytona Beach

Posted by admin on August 18, 2017 under by Tim Davis, Daytona Commercial Real Estate, News Releases | Be the First to Comment

Two projects have now broken ground in Daytona Beach Shores. Dimucci Development is underway with their 26 unit Dimucci Tower project at 3797 S. Atlantic Ave.

Greenpointe Development has also closed on the land at 3721 S. Atlantic, and Peck Construction has wrapped the property with banners. The Aruba Condo has been pre-selling units for some time and is ready to go.

Still in the conceptual stage (but with a recent 26′ height variance granted) is Max Daytona by Bayshore Development. This project is on the very northernmost parcel in Daytona Beach Shores, 1901 S. Atlantic Ave. More details will be coming soon on this one.

www.maxdaytona.com

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Daytona Beachfront Hampton Inn Trades at Record 162k/key

Posted by admin on July 24, 2017 under by Tim Davis, daytona beach commercial real estate, Daytona Commercial Real Estate, News Releases | Be the First to Comment

On June 22,  the 91-key Hampton Inn owned by Summit Hospitality traded at a significant price. The buyer was Driftwood Hospitality out of Miami who purchased the hotel located at 1024 N. Atlantic Ave for $14.8 million dollars, or $162k per key. This sale is very strong for the area and is the highest per key sale in over 10 years for a select service hotel in Daytona Beach.

Summit is the developer of the Hard Rock hotel set to open this winter at 900 N Atlantic Ave.

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ProtoGroup Daytona Beach Hotel – Site Work Continues [VIDEO]

Posted by admin on May 2, 2017 under by Tim Davis, daytona beach commercial real estate, Daytona Commercial Real Estate, News Releases | Be the First to Comment

Protogroup is moving right along with site work, drilling cores for the pouring of the concrete pilings that will be the foundation of the hotel tower.


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