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333 E Highbanks Rd

26,425 SF 100% Leased Industrial Building Debary, FL 32713 $5,625,600 CAD ($213 CAD/SF) 9.19% Cap Rate

Investment Highlights

  • Great location
  • multi tenant
  • 6.3 Acres

Executive Summary

Multi tenant industrial property, 30 small bay units 500sq'-2000sq' units. Property can be redeveloped to multi family. Property is in high demand growth area. Fully leased (short term leases)
Existing buildings sit on the front parcel 4.7 Acres , there is an additional 1.57 acres vacant parcel also zoned industrial that is undeveloped and abuts the south side of the property and can be purchased for $400k.

Financial Summary (Actual - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $560,467 $21.21
Other Income - -
Vacancy Loss - -
Effective Gross Income $560,467 $21.21
Taxes $24,582 $0.93
Operating Expenses $19,666 $0.74
Total Expenses $44,247 $1.67
Net Operating Income $516,220 $19.54

Financial Summary (Actual - 2024)

Gross Rental Income (CAD)
Annual $560,467
Annual Per SF $21.21
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $560,467
Annual Per SF $21.21
Taxes (CAD)
Annual $24,582
Annual Per SF $0.93
Operating Expenses (CAD)
Annual $19,666
Annual Per SF $0.74
Total Expenses (CAD)
Annual $44,247
Annual Per SF $1.67
Net Operating Income (CAD)
Annual $516,220
Annual Per SF $19.54

Property Facts

Price $5,625,600 CAD
Price Per SF $213 CAD
Sale Type Investment
Cap Rate 9.19%
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Auto Dealership
  • Industrial Distribution
  • Industrial Manufacturing
Building Class C
Lot Size 6.30 AC
Rentable Building Area 26,425 SF
No. Stories 1
Year Built/Renovated 1957/1994
Parking Ratio 1.89/1,000 SF
Clear Ceiling Height 10 ft
No. Drive In / Grade-Level Doors 1

Amenities

  • Front Loading
  • Signage
  • Yard
  • Storage Space

Utilities

  • Lighting
  • Sewer

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 8035-01-00-0132
  • 8035-01-00-0153
Land Assessment
$537,625 CAD
Improvements Assessment
$1,013,900 CAD
Total Assessment
$1,551,525 CAD
Annual Taxes
$24,582 CAD ($0.93 CAD/SF)
Tax Year
2024

zoning

Zoning Code 4800 Warehouse (Industrial most uses allowed, can be re zoned to multi family)
4800 Warehouse (Industrial most uses allowed, can be re zoned to multi family)
  • Listing ID: 32967647

  • Date on Market: 2024-08-27

  • Last Updated:

  • Address: 333 E Highbanks Rd, Debary, FL 32713

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