405 N Charles St, Daytona FL 32114

$4,100,000

Overview

Industrial
Property Type

Square Feet
Area Size

Square Feet
Land Area

APEX Capital Realty LLC
Listing Office

Jason Abitbol
Listing Agent

A12008277
Property ID

360° Virtual Tour

Description

Value-add multi-bay industrial asset in the heart of Daytona Beach. This 37,125 SF warehouse sits on a 3.45-acre lot with direct frontage along George W Engram Blvd/Fairview Ave, offering excellent access to key commercial corridors. The property features five bays, nine grade-level loading doors, 16’ clear heights, and approximately 10% office buildout. Currently 82% occupied with four tenants, the asset generates approximately $221,000 in NOI with significant upside potential. Multiple tenants are below market rents, with three leases rolling within 12 months, creating a clear path to increase income. Projected stabilization at ~$11.50/SF NNN supports a 10.59% cap rate, offering strong returns in a high-demand industrial market.

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