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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Just Listed – East International Speedway Retail Property for Sale

Posted by Chris Riehm on September 4, 2018 under New Listings | Be the First to Comment

SVN Alliance has just listed 710 E. International Speedway Blvd. for sale. This well positioned +/- 2400SF retail building has 39 ft of frontage on International Speedway Blvd. on the west side of A1A.  The International Speedway Blvd A1A intersection sees 40,000+ average daily trips. The building is 37 ft x 63 and has street side parking with a parking ratio of 1.23 per 1,000SF. The surrounding are has seen a tremendous amount of growth with the completion of the new Hard Rock Hotel .83 miles north on A1A and the Landshark Bar and Grill .34 miles to the south. The property is also situated .5 miles from the Daytona Beach Ocean Center and the Daytona Beach Hilton.

Price: $400,000

Contact info.

Tim Davis, CCIM

(386) 566-4917

tim.davis@svn.com

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Just Listed – Daytona Beachside Retail Development Pad

Posted by Chris Riehm on June 11, 2018 under by Tim Davis | Be the First to Comment

SVN is proud to announce that 2226 S. Atlantic Ave. has just been listed.  This retail development site is well positioned between the Dunlawton Bridge and the soon to be completed Tom Stead Memorial bridge that will link the nearby Silver Beach Avenue to the mainland. Positioned on the west side of A1A, it is across the street from major beachside hotels and just half a mile north of the new Delta Hotel by Marriott. The site also has a desirable 217 feet of frontage on A1A and 380 feet of depth. This is a prime retail development site on beachside’s busiest road.

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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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Just Listed- 1201 S. Atlantic Hotel/Condo Development Site

Posted by Chris Riehm on February 7, 2018 under by Tim Davis, daytona beach commercial real estate | Be the First to Comment

SVN Alliance is pleased to offer the development site located at 1201 S. Atlantic Ave in Daytona Beach. This is a corner parcel at the signalized intersection of Silver Beach Blvd and Atlantic Ave. Silver Beach is one of the thoroughfares that connects to the mainland via bride. The bridge is currently undergoing a $38 million dollar reconstruction.

The site features 335’ of road frontage, 225’ along the seawall, and is on average 270’ deep Current owner had pursued plans for a condominium project on the site, but there are no active entitlements on the parcel. Given the location and proximity to the convention center this could be either an excellent condo development site or hotel site.Density in the City of Daytona is 40 units per Gross acre, however via the PUD/PRD process higher density is easily achievable. On the subject of building height, the City of Daytona Beach does not have any set limits to height.

This parcel is between right in the center of two great new developments; This parcel is just six short blocks north of the new Max Daytona condominium project (MaxDaytona.com). Also just to the north at 500 S. Atlantic is a recently opened(Jan ‘18) restaurants park with Landshark Bar & Grille and Cocina 214.

The Daytona Beach area saw substantial new condo development during the last cycle at the southern end of the peninsula. This is a unique opportunity to control a well positioned site on the south side of Daytona Beach. A buyer will be positioned to deliver high quality convention hotel rooms as well as premium residential units to meet upcoming demand.

For More information, Contact:

Tim C. Davis, CCIM

386-566-4917

tim.davis@svn.com

 

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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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Waffle House Strikes Again – closes on fourth Daytona Location

Posted by admin on May 18, 2017 under by Tim Davis, Commercial Real Estate Definitions | Be the First to Comment

Waffle House restaurants has completed the purchase of 319 Seabreeze Blvd, making the fourth location added in the last year. 319 Seabreeze Blvd is a 1.1 acre site located on the corner of Seabreeze and Oleander Ave. Two locations in Port Orange, a location in Daytona Beach Shores was purchased earlier this month, and now in Daytona Beach. The Seller was Steiner Inc, out of Palm Beach Gardens. Tim Davis of SVN Alliance represented by the Seller and Waffle House in this transaction.

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