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7% CAP 100% Leased Income-Generating Property 955 Foster Way 25,000 sq ft 100% Let Office Property South Daytona, FL 32119 £2,580,704 (£103.23/sq ft) 7.01% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Fully Leased Investment
- Strong Tenant Retention
- Prime Location
EXECUTIVE SUMMARY
Located at 955 Foster Way, Building 3 within Landmark Business Park, this free-standing 25,000 SF mixed-use facility is fully leased to six diverse tenants, including local, national, and global businesses. While it is part of a four-building condominium, only this building is included in the sale. The current ownership has made significant improvements, enhancing the property's appeal and ensuring strong tenant retention. Positioned just minutes from the new I-4 and I-95 intersection, the area is experiencing rapid growth with thousands of new multifamily units, single-family homes, and expanding retail/commercial
developments. With rental rates poised for market adjustments, this 100% occupied investment property presents a prime opportunity with strong income potential. This property is part of a professionally managed four-building commercial condominium. The quarterly condo fee is $8,750 and covers shared expenses such as exterior maintenance, landscaping, insurance, and common area upkeep—ensuring the property remains in excellent condition and minimizing landlord responsibilities.
developments. With rental rates poised for market adjustments, this 100% occupied investment property presents a prime opportunity with strong income potential. This property is part of a professionally managed four-building commercial condominium. The quarterly condo fee is $8,750 and covers shared expenses such as exterior maintenance, landscaping, insurance, and common area upkeep—ensuring the property remains in excellent condition and minimizing landlord responsibilities.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
£293,511
|
£11.74
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£293,511
|
£11.74
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£112,562
|
£4.50
|
| Net Operating Income |
£180,948
|
£7.24
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £293,511 |
| Annual Per sq ft | £11.74 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | £293,511 |
| Annual Per sq ft | £11.74 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Total Expenses | |
|---|---|
| Annual | £112,562 |
| Annual Per sq ft | £4.50 |
| Net Operating Income | |
|---|---|
| Annual | £180,948 |
| Annual Per sq ft | £7.24 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Property Size
25,000 sq ft
Costar Property Class
B
Year Built
2008
Price
£2,580,704
Price per sq ft
£103.23
Yield
7.01%
NOI
£180,948
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
25,000 sq ft
Plot ratio
0.06
Total Plot Size
10.37 ac
Use Class
PCD - PCD
Parking
143 Spaces (6 Spaces per 1,000 sq ft Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
-
- Health Care and Social Assistance
- -
- -
- -
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| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
|
|
Health Care and Social Assistance | - | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 5344-16-00-1320 | Improvements Assessment | £952,889 (2025) |
| Land Assessment | £235,542 (2025) | Total Assessment | £1,188,431 (2025) |
PROPERTY TAXES
Parcel Number
5344-16-00-1320
Land Assessment
£235,542 (2025)
Improvements Assessment
£952,889 (2025)
Total Assessment
£1,188,431 (2025)
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7% CAP 100% Leased Income-Generating Property | 955 Foster Way
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