1757 N Nova Road, Holly Hill, FL 32117
$4,400,000
Property Type:
Commercial Sale
Square Footage:
39,350
Lot Size (sq. ft.):
200,376
Status:
Closed
Current Price:
$4,400,000
List Date:
8/12/2021
Last Modified:
9/28/2024
Description
INVESTMENT ALERT!! Lumber Liquidators Plaza - An in place 7.16% CAP Rate at full price with plenty of upside. 42 Tenants including 2 National tenants at the signalized intersection of Nova and 15th Retail - Office - Showroom - warehouse- flex- Tenant mix remained open during COVID with a variety of essential home improvement, retail, and office tenants with below-market rents for future upside. Perfectly positioned between Daytona and Ormond. 16 year owner can deliver unencumbered so, great 1031 Candidate. Below replacement $127 per square foot, this property will move quickly!
More Information MLS# 1087346
General Property Information
Lot Size Acres: 4.6
Number Of Units Total: 42
Water Body Access YN: No
Waterfront YN: No
Directions: Take LPGA to Nova Rd, head north on Nova Rd. to 1757 N Nova Rd at the signalized intersection of 15th St
Public Remarks: INVESTMENT ALERT!! Lumber Liquidators Plaza - An in place 7.16% CAP Rate at full price with plenty of upside. 42 Tenants including 2 National tenants at the signalized intersection of Nova and 15th Retail - Office - Showroom - warehouse- flex- Tenant mix remained open during COVID with a variety of essential home improvement, retail, and office tenants with below-market rents for future upside. Perfectly positioned between Daytona and Ormond. 16 year owner can deliver unencumbered so, great 1031 Candidate. Below replacement $127 per square foot, this property will move quickly!
Building Area Total: 39350
Lot Size Dimensions: 201606
List Price/SqFt: 134.69
Sold Price/SqFt: 111.82
Year Built: 2000
Location, Tax, and Legal
Country: US
Parcel Number: 424204340094
Tax Annual Amount: 68216
Tax Year: 2021
Tax Legal Description: 42-14-32 A PORTION OF LOTS 9 & 10 BLK 34 FLEMING FITCH GRANT MB 1 PG 1 MB 12 PG 39 AS DESCRIBED IN OR 7950 PG 1282 FKA COMMON AREA & UNITS 101 102 103 104A 104B 105 106 107 108 109 110A 110B 111 112 1
Zoning Description: Retail
Currently Not Used
Year Built: 2000
Status Change Information
Contingent Date: 2021-10-30
Major Change Timestamp: 2021-12-20T17:17:36Z
Major Change Type: Status Change
Purchase Contract Date: 2021-09-27
Close Date: 2021-12-20
Close Price: 4400000
Construction Materials
Block: 1
Concrete: 1
Cooling
Central Air: 1
Multi Units: 1
Current Use
Commercial: 1
Industrial: 1
Mixed Use: 1
Retail: 1
Shopping Center: 1
Heating
Central: 1
Varies by Unit: 1
Income and Expenses
Gross Income: 535553
Net Operating Income: 392116
Listing Terms
Other: 1
Road Frontage Type
City Street: 1
Roof
Metal: 1
Security Features
Fire Sprinkler System: 1
Sewer
Private Sewer: 1
Utilities
Separate Electric Meters: 1
Separate Water Meters: 1
Water Source
Public: 1
Building Features
Kitchen Facilities: 1
Maximum Ceiling Height: 822
Private Restroom: 1
Showroom: 1
Business Type
Arts and Entertainment: 1
Auto Service: 1
Church: 1
Commercial: 1
Convenience Store: 1
Education/School: 1
Industrial: 1
Medical: 1
Mixed: 1
Professional Service: 1
Professional/Office: 1
Restaurant: 1
Retail: 1
Warehouse: 1
Wholesale: 1
Other: 1
Existing Lease Type
Gross: 1
Location
Shopping Center: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 1: Ceiling Height: 7 - 10 Feet High,15 - 20 Feet High; Zoning (Text): CC-1; Construction: Metal; Financing: Assumable Qualify, OWC - 1st; # Parking: 155; Interior Improvement: Display Window, Ground Level Door; Income/Operating Inc: NOI: 392116; Included in Sale: Signs - Owned; Lease Provisions: 2 - 3 Years, 3 - 5 Years, Less than 1 Year, Year - Year; Meters: # Electric Meters: 14, # Water Meters: 11; Parking: Paved; SqFt: Max Area: 39350; SqFt - Total: 39350.00; Site Improvements: Curb/Sidewalks, Gutters, Pole Sign, Road Cut; Utilities at Site: Three Phase; Confidential Listing: N; % Occupancy: 100.00; Road Frontage: 480.00; Depth: 388.00; Commercial Property Name: 1757 Nova; Financial Package: No; Franchise Opt In: No; Current # Tenant: 42.0000
Contract Information
Current Price: $4,400,000
Sold Price: $4,400,000
Status: Closed
Listing Contract Date: 2021-08-12
Property Sub Type: Business
Location Tax and Legal
Street Number: 1757
Street Direction Prefix: N
Street Name: Nova
Street Suffix: Road
County: Volusia
State: FL
Postal Code: 32117
MLS Area Major: 41 - LPGA to Granada, E of Nova
Property Features
Building Features: Kitchen Facilities; Private Restroom; Showroom
Business Type: Arts and Entertainment; Auto Service; Church; Commercial; Convenience Store; Education/School; Industrial; Medical; Mixed; Professional Service; Professional/Office; Restaurant; Retail; Warehouse; Wholesale; Other
Construction Materials: Block; Concrete
Cooling: Central Air; Multi Units
Current Use: Commercial; Industrial; Mixed Use; Retail; Shopping Center
Existing Lease Type: Gross
Heating: Central; Varies by Unit
Listing Terms: Other
Location: Shopping Center
Road Frontage Type: City Street
Roof: Metal
Sale Includes: Building & Land
Security Features: Fire Sprinkler System
Sewer: Private Sewer
Utilities: Separate Electric Meters; Separate Water Meters
Water Source: Public
Listing Office:
Expert Realty Group
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.