Courtesy: Carl Lentz - SVN Alliance Commercial Real Estate Advisors
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.
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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Arrows indicate 90 day trend
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