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100 Moderage Blvd Holly Hill, FL 32117

68,876 SF Manufacturing Facility, 6% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a 68,876-square-foot manufacturing facility located at 100 Moderage Blvd, Holly Hill, Florida, 32117. The property boasts a strong 6.00% cap rate and a current Net Operating Income (NOI) of $412,608. The property consists of two buildings, constructed in 1979 and extensively renovated in 2020, situated on land with a price per square foot ranging from $100 to $110. It features a single tenant with an A+ credit rating under a triple-net (NNN) lease. The lease expires August 31, 2024, with two five-year renewal options, each including a 2.5% rent increase. The property is zoned for industrial use and currently enjoys 100% occupancy. This offering is ideally suited for a 1031 exchange. The property's location in Volusia County provides excellent access to transportation networks and a robust local economy. This is a rare opportunity to acquire a high-quality, income-producing industrial asset with significant upside potential. The property's strong tenant, favorable lease terms, and attractive cap rate make it an exceptional addition to any investment portfolio.

Highlights

  • 68,876 SF manufacturing facility in Holly Hill, FL.
  • Strong 6.00% cap rate and $412,608 NOI.
  • Two buildings, renovated in 2020, on land priced $100-$110/SF.
  • A+ credit tenant under NNN lease expiring 8/31/2024 with two 5-year renewal options (2.5% annual rent increase).
  • 100% occupancy, ideal for 1031 exchange.

Property Details for 100 Moderage Blvd

Property type
Industrial properties, Manufacturing properties
Square Feet
68,876 SF
Year Built/Renovated
1979/2020
Buildings
2

Location Insight

City
Holly Hill
County
Volusia
State
Florida
Latitude
29.233936898073
Longitude
-81.039915334875

FAQs

What type of property is this?
Industrial property - 68,876 SF Manufacturing Facility, 6% Cap Rate
Where is the industrial property located?
The property is located at 100 Moderage Blvd Holly Hill, FL.
What are key features of this property?
This property features: 68,876 SF manufacturing facility in Holly Hill, FL.; Strong 6.00% cap rate and $412,608 NOI.; Two buildings, renovated in 2020, on land priced $100-$110/SF.
How can I contact the broker?
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100 Moderage Blvd
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