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333 E Highbanks Rd

26,425 SF 100% Leased Industrial Building Debary, FL 32713 £3,156,000 (£119/SF) 9.19% Net Initial Yield

Investment Highlights

  • Great location
  • multi tenant
  • 6.3 Acres

Executive Summary

Multi tenant industrial property, 30 small bay units 500sq'-2000sq' units. Property can be redeveloped to multi family. Property is in high demand growth area. Fully leased (short term leases)
Existing buildings sit on the front parcel 4.7 Acres , there is an additional 1.57 acres vacant parcel also zoned industrial that is undeveloped and abuts the south side of the property and can be purchased for $400k.

Financial Summary (Actual - 2024)

Annual Annual Per SF
Gross Rental Income £314,811 £11.91
Other Income - -
Vacancy Loss - -
Effective Gross Income £314,811 £11.91
Taxes £13,807 £0.52
Operating Expenses £11,046 £0.42
Total Expenses £24,853 £0.94
Net Operating Income £289,957 £10.97

Financial Summary (Actual - 2024)

Gross Rental Income
Annual £314,811
Annual Per SF £11.91
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £314,811
Annual Per SF £11.91
Taxes
Annual £13,807
Annual Per SF £0.52
Operating Expenses
Annual £11,046
Annual Per SF £0.42
Total Expenses
Annual £24,853
Annual Per SF £0.94
Net Operating Income
Annual £289,957
Annual Per SF £10.97

Property Facts

Price £3,156,000
Price Per SF £119
Sale Type Investment
Net Initial Yield 9.19%
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Auto Dealership
  • Industrial Distribution
  • Industrial Manufacturing
Building Class C
Lot Size 6.30 AC
Rentable Building Area 26,425 SF
Number of Floors 1
Year Built/Renovated 1957/1994
Parking Ratio 1.89/1,000 SF
Clear Ceiling Height 10 ft
Level Access Doors 1

Amenities

  • Front Loading
  • Signage
  • Yard
  • Storage Space

Utilities

  • Lighting
  • Sewer

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 8035-01-00-0132
  • 8035-01-00-0153
Land Assessment
£301,611
Improvements Assessment
£568,805
Total Assessment
£870,416
Annual Taxes
£13,807 (£0.52/sf)
Tax Year
2024

zoning

Zoning Code 4800 Warehouse (Industrial most uses allowed, can be re zoned to multi family)
4800 Warehouse (Industrial most uses allowed, can be re zoned to multi family)
  • Listing ID: 32967647

  • Date on Market: 27/08/2024

  • Last Updated:

  • Address: 333 E Highbanks Rd, Debary, FL 32713

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