Industrial Small Bay Portfolio (1)
$3,500,000
333 East Highbanks Road, DeBary, FL 32713
6.95
Cap Rate
8.91
Pro Forma Cap Rate
Details:
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.
Documents:
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Offering_Memorandum_Debary_Portfolio.pdf
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Location
Gallery