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Commercial Off Market
424 Luna Bella Lane
New Smyrna Beach, Florida 32168
Volusia CountyCommunity:
$1,500,000
0 br, 0.0 bath
0 sq. ft.
0.000 acres
Two Commercial Condos totaling 6,604 SF with storefront on busy Luna Bella Lane.-Unit C (Suite 131): 4,354 SF is leased by Snap Fitness through April 2033.$62,819.12 Current Annual Base Rent 1/1/2024-12/31/2024, 4% annual increases except 2029 which has 19% increase, PLUS Tenant pays condo dues and real estate taxes.-Unit B (Suite 133): 2,250 SF is vacant and available for lease at projected $24.00 per SF base rent.$54,000 Annual Base Rent, PLUS Tenant will pay condo dues and real estate taxes.Projected Initial Cap Rate 7.8% with both units leased. Projected Overall Cap Rate 9.1% when factoring in all increases.Location has some of the best demographics in East Volusia County.
Interior:
- Bedrooms: 0
- Baths: 0.0
- Sq Ft: 0
- Year Built: 2007
- Utilities:
- Fireplaces:
- Stories:
- Heat/AC:
- Garage:
Exterior:
- Lot Size: 0.000 acre
- Lot Dimensions:
- View Types:
- Yard:
- Siding:
- Roof: Unknown
- MLS #: 1119218
- Unit Number: B+C
Contact Information:
Ad Number: 4585033
Viewed 34 times.
Updated: Feb 07, 2024
This property is a Commercial located at 424 Luna Bella Lane, New Smyrna Beach, Florida 32168, and is currently Off Market at $1,500,000. This Commercial has 0 bedrooms, 0.0 baths, 0 sq ft.
