Ormond Beach Industrial Continues Run

Posted by admin on June 3, 2014 under Uncategorized | Be the First to Comment

Another building in the Ormond Beach Airport Industrial Park has traded, just 6 weeks after the sale at 30 Aviator. 4 Signal Blvd, totaling 11,600SF,  closed yesterday at $480,000 or just under $42/SF. This one of multiple industrial sales over the $40 SF mark in 2014, demonstrating extended support of this price point. The Buyer is World Color, currently located in the park. They were in the market for additional space to facilitate growth.  The seller was a real estate investment trust, American Environment Foundation. They decided this was an excellent price point for them to recycle their capital.

For other industrial warehouse information and listings – www.daytonawarehouse.com, or 386.566.4917
Tim Davis

Bookmark and Share

New Listing – Rare Ormond Beach Automotive-Use Building

Posted by admin on May 28, 2014 under by Tim Davis, daytona beach commercial real estate, Daytona Commercial Real Estate, New Listings | Be the First to Comment

Very Rarely do you find high-quality automotive service buildings available for sale or lease in Ormond Beach – There are so few areas with the requisite zoning for these uses in Ormond – the opportunity to capitalize on a very clean second generation location could be very lucrative.

3,680 SF, with 5 service bay doors, on busy nova Road with over 29,000 cars per day. The property is available for lease at $18/SF Modified Gross – or for outright purchase at $750,000. A purchaser would also receive the Billboard income as an additional revenue stream.

Tim Davis – Charles Wayne Properties
386-566-4917

Bookmark and Share

Industrial Warehouse Sale – Ormond Airport Industrial Park

Posted by admin on April 24, 2014 under by Tim Davis, daytona beach commercial real estate, Daytona Commercial Real Estate | Be the First to Comment

A 10,560 SF industrial building has traded – 30 Tower Circle in the Ormond Airport Park. At $430,000, the sale represents a transaction price of just under $41/SF, showing increased recovery in the industrial warehouse subsection of the market.

For other industrial warehouse information and listings – www.daytonawarehouse.com, or 386.566.4917
Tim Davis

Bookmark and Share

Florida’s Economy Continues to Outpace the U.S.

Posted by admin on March 17, 2014 under by Tim Davis, daytona beach commercial real estate, Daytona Commercial Real Estate, investment property for sale in daytona beach | Be the First to Comment

 

 

 

 

 

 

 

 

 

 

 

 

From Wells Fargo’s Economic Group today, news that Florida’s unemployment rate fell 0.2 percentage points in January to 6.1 percent. Nonfarm employment figures were revised modestly higher and show Florida adding jobs at a pace well ahead of the nation. Florida has added a net of 244,000 new jobs over the trailing twelve months.

Read the full Wells Fargo White Paper HERE

Bookmark and Share

Hard Rock Daytona Beach – VIP Gala at Rolex 24

Posted by admin on January 23, 2014 under by Tim Davis, daytona beach commercial real estate, Daytona Commercial Real Estate, investment property for sale in daytona beach, Uncategorized | Be the First to Comment

 

 

 

 

 

 

 

 

 

 

 

 

Last night Bayshore Capital CEO Henry Wolfond asked me if I was excited as him about the Hard Rock hotel coming to Daytona Beach. I laughed and offered that maybe “excited” was a grand understatement in the context of what a project like this means to our city. We circulated around the room last night, looking at al of the Memorabilia on hand, from guitars to clothing worn by the music industry’s greatest acts.

A few years ago, when we were first assigned the task of marketing the land for the previous owner, I had no idea who would be interested in the site. We took on the task in July of 2010, and on one of those following summer afternoons, I went over to the site, and took some photos from teh top floor balcony of the condo to the south, as well as some from the beach, looking back at the seawall. Those shots looking back at the property from the shoreline really struck me – you do not realize the size of that vacant parcel driving by at 40mph.

Over the next year I made hundreds of phone calls to groups from all over the world, and dozens of personal visits to developers and opportunity funds in the northeast. I could see the massive potential in such a massive size parcel. Nearly a linear quarter mile of land, in a developed, mature coastal city, 4 miles from a national airport, and let us not forget the World Center of Racing, Daytona International Speedway.

I applaud the Bayshore team, and look forward to all of their development plans for not only this site, but the other 4 oceantfront properties they own.

Click HERE for This morning’s NewsJournal Story on the VIP Gala

Bookmark and Share

Daytona Beach Shores Resort Trades for $39+ Million

Posted by admin on January 8, 2014 under by Tim Davis, daytona beach commercial real estate, Daytona Commercial Real Estate, investment property for sale in daytona beach, Uncategorized | Be the First to Comment

Fresh on the heels of a the Belaire Plaza Sale at $21.5mm – New York firm Garrison Investments has purchased the Shores Resort for $39.25mm.

At 211 rooms – this represents a sale price of $186,000 per room. Certainly a premium price for our market, the Shores is considered by many locals to be the hotel with the top amenities in the area. The hotel restaurant and bar – Azure – is a destination for locals and tourists alike. You must make some assumptions that the revenue from the restaurant and multiple pool-area bars is offsetting the per-key price.

At any rate – This is a further validation of the market, and catalyst for other transactions.

Full News Story by Bob Koslow 

Bookmark and Share

2014: Will Secondary Markets(and beyond) realize the same gains as Primary Markets have?

Posted by admin on December 23, 2013 under by Tim Davis, daytona beach commercial real estate, Daytona Commercial Real Estate, investment property for sale in daytona beach | Be the First to Comment

Reading an article on Globe St this morning about secondary market transaction volume increasing in 2014. We operate in a third tier market (at best) and I wonder if we will see this capital start filtering down to markets our size.

In my commentary last week about the sale of Bellair Plaza, I commented that a fund the size of Nightingale purchasing an asset in our market is indeed an endorsement of our market. I had dinner last night with an old friend that worked for the Wyndam organization here in Daytona Beach for 7 years, and was relocated 2 years ago. He had not heard about the Daytona Beach Hotel & Convention Center, The Hard Rock Daytona Beach – he was impressed with even the announcement of a Hilton Garden Inn for the old Bermuda House hotel across from Bellair Plaza.

It some times takes an outsiders look to help us all see what is developing around us and in front of our eyes.

 

http://www.globest.com/news/12_757/national/acquisitions_dispositions/Push-For-Yield-Will-Lead-to-Secondary-Cities-in-2014-340871.html?ET=globest:e41438:472394a:&st=email&s=&cmp=gst:National_PM_20131218:editorial

Bookmark and Share

Bellair Plaza sells $21M+ – Publix Anchored

Posted by admin on December 18, 2013 under by Tim Davis, daytona beach commercial real estate, Daytona Commercial Real Estate | Be the First to Comment

Bellair Plaza in Daytona Beach has sold – the 346,000 SF retail center anchored by a Publix Supermarket.

The sale price was $21,150,000. The new owner is the privately held and NYC based real estate fund The Nightingale Group led by Elie Schwartz and Simon Singer.

Bookmark and Share

Commercial Financing is back!

Posted by admin on under by Tim Davis, daytona beach commercial real estate, Daytona Commercial Real Estate, Uncategorized | Be the First to Comment

Just this week, we have a report from the Mortgage Bankers Association that commercial financing experienced the strongest quarterly increase since 2008.

If financing is back, then marketability is back.

Click Here for the MBA quarterly report

Bookmark and Share

New Listing – Daytona Beach Shores Condo Development Site

Posted by admin on September 13, 2013 under News Releases | Be the First to Comment

The property at 1901 S. Atlantic is under contract – so here is another one  – 3411 S. Atlantic Ave

Bookmark and Share
Google+