Just Sold – Mixed Use Property on E. International Speedway Blvd

Posted by Chris Riehm on September 12, 2018 under Commercial Real Estate Definitions, Just Sold, Uncategorized | Be the First to Comment

SVN Alliance is proud to announce the sale of 718-720 E. International Speedway Blvd. The sale closed on September 5th, 2018. The property is located on east International Speedway Blvd. west of A1A on the south side of the road and was on the market for 425 days. The seller was ADJ properties and the closing price was $770,000. Both parties were represented by  Tim C. Davis in this transaction. Since the beginning of 2018 there have been four sales along this half a mile stretch of road. This increase of activity surrounding the corridor is what many hope will start a rejuvenation to the gateway of Daytona’s Beachside.

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Signalized A1A Corner Parcel – Just Listed $2,050,000

Posted by Chris Riehm on March 13, 2018 under by Tim Davis, daytona beach commercial real estate, Uncategorized | Be the First to Comment

SVN Alliance just listed the old Shark Lounge and the convenience store on the corner of International Speedway Blvd and A1A. The Shark Lounge and the convenience store properties are being sold as a package and the total land area is .43 acres. These parcels are centrally located in the heart of Daytona only .5 miles from the Daytona Beach Convention Center and the Daytona Beach Hilton. This is a perfect opportunity to own one of the few corner parcels in the Daytona market.

The asking price is $2,050,000 call for more information.

Contact info

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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2ac Oceanfront Development Site – Just Listed $5,900,000

Posted by Chris Riehm on December 13, 2017 under by Tim Davis, New Listings, Uncategorized | Be the First to Comment

SVN Alliance is proud to present the roughly 2 acre oceanfront development site at 1015 S. Atlantic Ave in Daytona Beach. 1015 S. Atlantic is one of the few remaining mid-size parcels left on the market in Daytona Beach that would be ideal for 150-200 condos(depending on unit mix) or a select service hotel. The City of Daytona Beach is very flexible on development, and generally considered fair in their approval process.  The vacant parcel has 204′ of ocean frontage, 428′ deep at the southern end, and 432′ deep along the northern end.

The asking price of $5,900,000, and full details can be found HERE

Tim C. Davis, CCIM

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Multi-tenant Industrial Sale – 38,000 SF

Posted by admin on August 17, 2015 under Uncategorized | Be the First to Comment

J&G Industrial Park in Holly Hill Florida has sold. The 38,5000 SF building sold on August 14th, for $1,000,000, or $26.50 per square foot. At the purchase price, the  acquisition cap rate of 9.7%.  The building was 85% occupied by 17 individual tenants at the time of sale. The Seller had owned and operated the industrial park for nearly 30 years, and the sale was driving by the desire to recycling the equity into less management intensive property.

 

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Daytona Beach  Walgreens-anchored property sells. 

Posted by admin on June 16, 2015 under Uncategorized | Be the First to Comment

A retail building occupied by Walgreens located at 537 N. Atlantic Avenue in Daytona Beach has sold. The property closed Friday May 29th, for $4,550,000. The Seller was a local entity, GKM Investments LLC, who purchased the property in 2007 for investment purposes. The purchaser a California company 20th Street Development LLC, based in Beverly Hills. In addition to the Walgreens, the sale includes a second 7,200SF building leased to a gift shop.
Walgreens, CVS, and Rite-Aid drugstores continue to be desirable investment vehicles for commercial real estate investors seeking stable cash flow at well above bond market returns. The current six-month average cap rate on a Walgreens with 5 years or less remaining on the lease is 7.24%.

Tim Davis of Charles Wayne Properties Inc represented the parties in this transaction.

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200′ Oceanfront Land Parcel – Sold

Posted by admin on August 12, 2014 under by Tim Davis, daytona beach commercial real estate, Daytona Commercial Real Estate, News Releases, Uncategorized | Be the First to Comment

The 1.28ac parcel at 834 N. Atlantic Ave has sold for $2,200,000. This is just under $40/SF, and now the highest sale per square foot, compared to any of any of the sites 200′ or greater.  The seller was DB Investments of Pinellas, who purchased the site as bank-owned foreclosure in July of 2011. This sale represents the first oceanfront land sale between 2 private parties since late 2007. It is also the first of the formerly bank-owned foreclosed parcels to re-trade from an pure investor to a group with development plans; this is a significant step forward for the beachfront property in Daytona Beach.

During the low part of the recession, there was a fair amount of negative publicity around the outside investment by private equity groups and real estate funds. The fears voiced at that time were that these outside investors would “sit on” the land for a decade or more, and that it would stall redevelopment of Daytona Beach. My counterpoint to those fears; Investors place money in assets seeking a desired rate of return. If that targeted return can be achieved in 20 years or 20 days, that is the event that triggers the sale the investment.

 

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Ormond Beach Retail / Warehouse/Showroom – Sold

Posted by admin on June 5, 2014 under Uncategorized | Be the First to Comment

A Texas based real estate investment group, MDD Enterprises has purchased  the building located at 912 S. Nova Road in Ormond Beach. The 6,000 SF single tenant building has a good local tenant in place, and represented a opportunity for the buyer to purchase a well-located building on a high-traffic arterial roadway. The purchase price represents a comfortable rate of return for an industrial warehouse building with a retail showroom/offices. Long term upside for the buyer lies in the Ormond beach location lending itself to future redevelopment of the site for a more intensive retail use. The buyer was represented by Tim Davis of Charles Wayne Properties.

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Ormond Beach Industrial Continues Run

Posted by admin on June 3, 2014 under Uncategorized | Be the First to Comment

Another building in the Ormond Beach Airport Industrial Park has traded, just 6 weeks after the sale at 30 Aviator. 4 Signal Blvd, totaling 11,600SF,  closed yesterday at $480,000 or just under $42/SF. This one of multiple industrial sales over the $40 SF mark in 2014, demonstrating extended support of this price point. The Buyer is World Color, currently located in the park. They were in the market for additional space to facilitate growth.  The seller was a real estate investment trust, American Environment Foundation. They decided this was an excellent price point for them to recycle their capital.

For other industrial warehouse information and listings – www.daytonawarehouse.com, or 386.566.4917
Tim Davis

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