405 N Charles Street

For Sale

405 N Charles Street Multi-Bay Warehouse

City:Daytona Beach

Land area:150,265 SF

Property Status: For Sale

Jason Abitbol jason@apexcapitalrealty.com

Yoni Sunshine yoni@apexcapitalrealty.com

Price $4,525,000

I agree to receive marketing and customer service calls and text messages from APEX Capital Realty. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Reply STOP to unsubscribe. Privacy Policy & Terms of Service

Property Summary

Year Built/Renovated: 1970/2023

Zoning: RDD7 - Business

No. of Bays: Five (5)

No. of Vacancies: Three (3)

Pro Forma NOI: $411,389

Pro Forma CAP Rate: 9.09%

Description Apex Capital Realty is proud to present 405 N Charles Street, this versatile Multi-Bay Warehouse sits in a prime location of Daytona Beach, with direct frontage on George W Engram Blvd/Fairview Ave, which leads right to the Boardwalk Main Street Pier on the beach. This property features one warehouse building built in 1970, five separate units, nine loading doors, 16-foot clear heights with roughly 10% of each unit as office space. The building size is 37,399 square feet on a large, oversized lot of 3.45 acres or 150,265 square feet. There are currently two tenants occupying about 16,600 SF (45% of building) whose leases end in June 2025.
405 N Charles ST has great value add potential for investors and is an ideal opportunity for owner-users. From an investment perspective, once stabilized this property should generate about $11/SF NNN. Resulting in a pro forma projection of 9.09% cap rate. Owner-users have the ability to occupy the whole building by July 2025, and only need to take a minimum of 51% to qualify for SBA financing. Users/Tenants will be able to take advantage of the oversized lot and the unbeatable location which is just moment away from the Daytona International Speedway and Daytona Beach International Airport.

Lot & Building Size Breakdown:

Lot Size: 150,265 SF

Building Size: 37,399 SF

Property Highlights

Lot Recently Repaved

Building Recently Repainted

Recent Interior Renovations

Modern Office Design

Perimeter Security Fence

Highly Visible Monument Sign

Details Property size: 37,399 SF Property Status: For Sale Property Type: Warehouse Land Area: 150,265 SF Year Built: 1970

Address City: Daytona Beach Neighborhood: Daytona Beach State/country: Florida

Documents Property Brochure download

Listing Agents

Jason Abitbol Commercial Advisor

(561) 542-3704 jason@apexcapitalrealty.com

Yoni Sunshine Commercial Advisor

216 973 9534 yoni@apexcapitalrealty.com

Featured properties

405 N Charles Street Multi-Bay Warehouse Warehouse Jason Abitbol 1 month ago $4,525,000