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Industrial Small Bay Portfolio (1)

$3,500,000

333 East Highbanks Road, DeBary, FL 32713

Active
Last Updated: 10/06/2026

6.95

Cap Rate

8.91

Pro Forma Cap Rate

Details:
Cap Rate:    6.95%
Pro Forma Cap Rate :    8.91%
NOI:    $243,196
Building Size:    26,429 sqft
Lot Area:    6.3 acres
Lease Type:    Modified Gross
Occupancy:    80%
Tenancy:    Multiple
Zoning:    I-1 Industrial / Light Industrial​
Price Per Sqft:    $132
Year Built:    1957
Floors:    1
Seller Financing:    Yes
Opportunity Zone:    No
Year Last Renovated:    1994
Parking Ratio:    501.891
Warehouse %:    93%
Freight Elevator:    No
Roof:    32
HVAC:    10+ Years
Leed Certitified:    No
CeilingHeight:    10
Investment Strategy:    Value Add
Highlights:
  • Strong in-place cash flow with roughly $243,196 in current NOI and modeled stabilized NOI approaching $312,196.​
  • 333 E. Highbanks offers major upside, with ±26,429 SF on ±6.3 acres plus pre-approved plans for approximately 43,340 SF of new warehouse/flex space.​
  • Multiple investment paths including long-term hold, lease-up, redevelopment, owner-user repositioning, and potential loan assumption or creative financing, subject to approval.​
Description:

The DeBary Industrial Portfolio presents a rare opportunity to acquire three cash-flowing industrial assets totaling approximately 35,000 SF of
improvements across roughly 8.4 acres, with the flexibility to purchase the entire portfolio together or acquire the properties individually.​

The centerpiece, 333 E. Highbanks Road, comprises approximately 26,429 SF of multi-tenant flex/industrial space on ±6.3 acres. The property
is supported by a diversified mix of automotive, service, storage, and small-business tenants and generates approximately $243,196 of current
NOI, with modeled stabilization increasing NOI to approximately $312,196 as vacant suites are leased.​

Beyond its current cash flow, Highbanks offers a significant redevelopment component. Pre-approved site plans contemplate replacing the
existing improvements with approximately 43,340 SF of new warehouse/flex product together with lay-down and outdoor-storage functionality.
This creates the ability for an investor to collect income today while positioning the property for a substantially more modern industrial use in
the future.​

Map:
Documents:
Title
Offering_Memorandum_Debary_Portfolio.pdf
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Location
Gallery