8% cap rate noi property...flourishing families: affluent, middle-aged families and couples earning...

Coldwell Banker Commercial BENCHMARK

570 Memorial Circle, #300 Ormond Beach, FL 32174

PREPARED BY:

FOR SALE 1440 N. Nova Road Holly Hill, FL 32117

BENCHMARK

Nova Commerce Center

CBCWORLDWIDE.COM

8% Cap Rate NOI Property

G.G. Galloway 386-295-0839 GGalloway@cbcbenchmark.com

Scott Harter 386-290-6994 DSHarter@gmail.com

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BENCHMARK

Nova Commerce Center

CBCWORLDWIDE.COM

TABLE OF CONTENTS

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5

6-7

8-12

13-25

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Executive Summary

Property Photos

Site Plan

Maps & Aerials

Property Card

Demographics

Confidentiality Agreement

Contact Information

Confidentiality Statement

©2017 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.

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BENCHMARK

Nova Commerce Center

CBCWORLDWIDE.COM

THE PROPERTY Nova Commerce Center 1440 N. Nova Road Holly Hill, FL 32117

EXECUTIVE SUMMARY

Property Type: Office

Class: B

Building Size: 45,100 SF

Land: 4.16 Acres

Number of Stories: 1

Year Built/Renovated: 2000

Typical Space Size: 2500

PROPERTY SPECIFICATIONS

PRICE PROPERTY HIGHLIGHTS

INVESTMENT HIGHLIGHTS

Cross Street: LPGA Located: South of LPGA Business Park Nova Commerce Park Land: Daytona Beach Submarket Holly Hill County Volusia

• Building 1 is 10,000 sq ft of office currently 100% occupied by one tenant. Designed to house asingle or multiple tenants.

• Building 2 is 10,100 sq ft with four tenants . • Building 3 is 25,000 sq ft with eight tenants. • Building is currently 100% occupied.

• 3 Single story office buildings situated on 4.16acres

• 45,100 square feet• Meticulously maintained• Brick façade and nicely landscaped• Glass fronts with roll up doors in back• 100% Leased• Excellent tenant mix• Professional Office or Retail or Industrial allowed

• Easy Access to I-95

• Convenient to shopping and Restaurants• Easy ingress and egress• 29,500 ADT

Sale Price $3,676,875Cap Rate: 8% PPSF: $81.53

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BENCHMARK

Nova Commerce Center

CBCWORLDWIDE.COM

PROPERTY OVERVIEW

PROPERTY PHOTOS

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BENCHMARK

Nova Commerce Center

CBCWORLDWIDE.COM

SITE PLAN

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BENCHMARK

Nova Commerce Center

CBCWORLDWIDE.COM

MAPS & AERIALS

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BENCHMARK

Nova Commerce Center

CBCWORLDWIDE.COM

TAX MAP

Demographics for32117 Daytona Beach

Scott HarterDirect: 386-672-8530

Population Charts

Population

US Census (2010) Current Year (2017) Five Year Projection (2022)

Female/Male Ratio

51.43% : 48.57% 51.29% : 48.71%

Daytime Population

Total Daytime Population Daytime population (Age 16+) Retired population (Age 65+)

Population aged 16 and under (Children) Civilian 16+, at Workplace Homemakers (Age 16+)

Age

Median Age, Total

43.53Age Demographics

81 % Age 18+

33.71 % Age 55+

19.24 % Age 65+

Population Mosaic (Current Year)

38.93 % Autumn Years 7 % Golden Year Guardians

33.13 % Economic Challenges 5.73 % Pastoral Pride

8.78 % Blue Sky Boomers 4.52 % Significant Singles

Other

Singles and Starters 1.9 Cultural Connections 0 Suburban Style 0

Aspirational Fusion 0 Unclassified 0 Booming with Confidence 0

Thriving Boomers 0 Families in Motion 0 Family Union 0

Middle-class Melting Pot 0 Power Elite 0 Flourishing Families 0

Promising Families 0 Young City Solos 0

Population Mosaic Segment Definitions:

Aspirational Fusion: Multi-cultural, low-income singles and single parents living in urban locations and striving tomake a better lifeAutumn Years: Established, ethnically-diverse and mature couples living gratified lifestyles in older homesBlue Sky Boomers: Lower- and middle-class baby boomer-aged households living in small townsBooming with Confidence: Prosperous, established couples in their peak earning years living in suburban homesCultural Connections: Diverse, mid- and low-income families in urban apartments and residencesEconomic Challenges: Economically challenged mix of singles, divorced and widowed individuals in smaller citiesand urban areas looking to make ends meetFamilies in Motion: Younger, working-class families earning moderate incomes in smaller residential communitiesFamily Union: Mid-scale, middle-aged and somewhat ethnically-diverse families living in homes supported by solidblue-collar occupationsFlourishing Families: Affluent, middle-aged families and couples earning prosperous incomes and living verycomfortable, active lifestylesGolden Year Guardians: Retirees living in settled residences and communitiesMiddle-class Melting Pot: Mid-scale, middle-aged and established couples living in suburban and fringe homesPastoral Pride: Eclectic mix of lower middle-class widowed and divorced individuals and couples who have settledin country and small town areasPower Elite: The wealthiest households in the US, living in the most exclusive neighborhoods, and enjoying all thatlife has to offerPromising Families: Young couples with children in starter homes living child-centered lifestylesSignificant Singles: Middle-aged singles and some couples earning mid-scale incomes supporting active city stylesof LivingSingles and Starters: Young singles starting out, and some starter families, in diverse urban communitiesSuburban Style: Middle-aged, ethnically-mixed suburban families and couples earning upscale incomesThriving Boomers: Upper-middle-class baby boomer-age couples living comfortable lifestyles settled in town andexurban homesYoung City Solos: Younger and middle-aged singles living active and energetic lifestyles in metropolitan areas

Ethnicity (Not Hispanic/Latino)

2010 US Census (Not Hispanic/Latino)66.77 % White

29.11 % Black/African American

0.38 % American Indian & Alaska Native

1.26 % Asian

0.03 % Native Hawaiian / Other Pacific Islander

0.18 % Some other race

2.27 % Two or more races

Current Year (Not Hispanic/Latino)64.05 % White

31.14 % Black/African American

0.38 % American Indian & Alaska Native

1.52 % Asian

0.03 % Native Hawaiian / Other Pacific Islander

0.17 % Some other race

2.72 % Two or more races

Five Year Projection (Not Hispanic/Latino)62.43 % White

32.12 % Black/African American

0.39 % American Indian & Alaska Native

1.7 % Asian

0.03 % Native Hawaiian / Other Pacific Islander

0.17 % Some other race

3.16 % Two or more races

Ethnicity (Hispanic/Latino)

2010 US Census (Hispanic/Latino)57.59 % White

6.97 % Black/African American

0.8 % American Indian & Alaska Native

0.55 % Asian

0.01 % Native Hawaiian / Other Pacific Islander

24.84 % Some other race

9.24 % Two or more races

Current Year (Hispanic/Latino)57.39 % White , Hispanic/Latino

7.44 % Black/African American

0.67 % American Indian & Alaska Native

0.46 % Asian

0.01 % Native Hawaiian / Other Pacific Islander

25.15 % Some other race

8.89 % Two or more races

Five Year Projection (Hispanic/Latino)57.63 % White

7.25 % Black/African American

0.59 % American Indian & Alaska Native

0.4 % Asian

0.01 % Native Hawaiian / Other Pacific Islander

25.33 % Some other race

8.78 % Two or more races

Housing & Households

8Land Area

12,574Total Housing Units

10,606Total Households

11,003Total Households

5 Year Projections

3,283Owner-Occupied: Ownedwith a mortgage or loan

2,449Owner-Occupied: Owned

free and clear

4,874Renter-Occupied

Housing Value (Current Year)

5,732Total Owner-occupied housing units (OOHU)

IncomePe

r Cap

ita In

com

e

Based on Total Population

Average Household Income

$40,063Median Household Income

$29,760

Households by Income (Current Year)

Education (Current Year)

Education

1,858College undergraduate

360Graduate or prof school

Educational Attainment at Age 25+ (Current Year)

Employment and Occupation

Employment and Occupation

TOTAL CIVILIAN EMPLOYED POPULATION AGED 16+

8,6702010 US Census

11,531Current Year

11,598Five Year Projection

Employment by Industry

2010 US Census Current Year

Transportation to Work (Current Year)

11,531Total Workers 16+

10,598Car, truck, or van

177Public transport (not taxi)

323Worked at home

Travel Time to Work (Current Year)

TOTA

L W

ORK

ERS

16+

TRAVEL TIME

Consumer Expenditures (Current Year)

Consumer Expenditures

Business Summary by SIC Code

33 Agriculture, Forestry, & Fishing

129 Construction

73 Finance, Insurance, & Real Estate

81 Manufacturing

0 Mining

10 Public Administration

261 Retail Trade

567 Services

42 Transportation, Communications,Electric, Gas, & Sanitary Services

80 Wholesale Trade

© 2017 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports theprinciples of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks ownedby Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. Each sales representative and broker is responsible for complying with any consumer disclosure laws or regulations.2016/2017 Demographics provided by Experian through Alteryx

Retail Sales Volume

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BENCHMARK

Nova Commerce Center

CBCWORLDWIDE.COM

CONTACT INFORMATION

For more information, please contact:

G.G. Galloway COLDWELL BANKER COMMERCIAL BENCHMARK 570 Memorial Cir., #300 Ormond Beach, FL 32174

Phone: (386) 672-8530 Fax: (386) 672-8519 Mobile: (386) 295-0839 GGalloway@cbcbenchmark.com

Scott Harter COLDWELL BANKER COMMERCIAL BENCHMARK 570 Memorial Cir., #300 Ormond Beach, FL 32174

Phone: (386) 672-8530 Fax: (386) 672-8519 Mobile: (386) 290-6994 DScottHarter@gmail.com

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BENCHMARK

Nova Commerce Center

CBCWORLDWIDE.COM

CONFIDENTIALITY STATEMENT

This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by the Coldwell Banker Commercial affiliate or by the Seller.

The projections and pro forma budget contained herein represent best estimates on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that actual results will conform to such projections.

This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent.

Interested buyers should be aware that the Seller is selling the Property “AS IS” CONDITION WITH ALL FAULTS, WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE. Prior to and/or after contracting to purchase, as appropriate, buyer will be given a reasonable opportunity to inspect and investigate the Property and all improvements thereon, either independently or through agents of the buyer’s choosing.

The Seller reserves the right to withdraw the Property being marketed at any time without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Any offer to buy must be: (i) presented in the form of a non-binding letter of intent; (ii) incorporated in a formal written contract of purchase and sale to be prepared by the Seller and executed by both parties; and (iii) approved by Seller and such other parties who may have an interest in the Property. Neither the prospective buyer nor Seller shall be bound until execution of the contract of purchase and sale, which contract shall supersede prior discussions and writings and shall constitute the sole agreement of the parties.

Prospective buyers shall be responsible for their costs and expenses of investigating the Property and all other expenses, professional or otherwise, incurred by them.