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1023 Mason Ave

1023 Mason Ave, Daytona Beach, FL 32117

Listing Price: $7,150,000

Cap Rate
9.07%
Gross SF
151,294
Rentable SF
151,294
Price/Gross SF
$47.26
Lot Size
8.00 acres
Year Built
1970

Investment Overview

Masonova Commerce is an approximately 151,000 square feet Business Park, centrally located off the intersection of Mason Avenue and Nova Road in S Daytona Beach. Nearly 50% of the current tenants have occupied space at the park for more than 10 years. The center is anchored by ProSource with a membership-based business model, specializing in high-quality products for home remodelling projects. ProSource has been at the Center since 2002 and due to pent up demand, has recently doubled its space to 23,625 square feet with a new ten-year lease. All Aboard Storage, best rated Self-Storage of Daytona Beach with over 20 locations has signed new 10-year lease. A majority of the leases at the Center are Gross, which allows the new owner to add value over time by converting them into modified and net leases.

Investment Highlights

  • 155k SF Anchored by ProSource Home Improvement & All Aboard Storage
  • ProSource (recent renewal) & AA Storage at this Location over 20 Yrs
  • Minutes from Daytona Airport and Florida's SR -1A1

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Listing Price: $7,150,000

Cap Rate
9.07%
Gross SF
151,294
Rentable SF
151,294
Price/Gross SF
$47.26
Lot Size
8.00 acres
Year Built
1970

Investment Highlights

  • 155k SF Anchored by ProSource Home Improvement & All Aboard Storage
  • ProSource (recent renewal) & AA Storage at this Location over 20 Yrs
  • Minutes from Daytona Airport and Florida's SR -1A1

Investment Overview

Masonova Commerce is an approximately 151,000 square feet Business Park, centrally located off the intersection of Mason Avenue and Nova Road in S Daytona Beach. Nearly 50% of the current tenants have occupied space at the park for more than 10 years. The center is anchored by ProSource with a membership-based business model, specializing in high-quality products for home remodelling projects. ProSource has been at the Center since 2002 and due to pent up demand, has recently doubled its space to 23,625 square feet with a new ten-year lease. All Aboard Storage, best rated Self-Storage of Daytona Beach with over 20 locations has signed new 10-year lease. A majority of the leases at the Center are Gross, which allows the new owner to add value over time by converting them into modified and net leases.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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