Industrial Space Near DeLand Municipal Airport in DeLand, FL. Right off of International Speedway, and 6.3 miles to the closest I-4 access. The property features three easements. This lucrative 7.6% Cap Rate (2020 Pro-forma) investment property at 813 Flightline Boulevard DeLand, FL consists of two high quality and low-maintenance buildings with potential for up to 26 separate units. These highly desirable units boast 100% occupancy. Located within the DeLand Airport complex and situated on 2.96 acres of land leased (long term) from the City of DeLand make this an ideal 1031 exchange property with maximum depreciation for tax benefits. M-1 zoning allows for multiple uses and a variety of tenants insures term stable income not dependent on a single industry. Most tenants are on year-to-year lease agreements but some are month-to-month and would allow for an owner/user to utilize the property on an “as needed” basis. Building #1 - 18,700 SF Building #2 - 20,819 SF
Industrial Space Near DeLand Municipal Airport in DeLand, FL. Right off of International Speedway, and 6.3 miles to the closest I-4 access. The property features three easements. This lucrative 7.6% Cap Rate (2020 Pro-forma) investment property at 813 Flightline Boulevard DeLand, FL consists of two high quality and low-maintenance buildings with potential for up to 26 separate units. These highly desirable units boast 100% occupancy. Located within the DeLand Airport complex and situated on 2.96 acres of land leased (long term) from the City of DeLand make this an ideal 1031 exchange property with maximum depreciation for tax benefits. M-1 zoning allows for multiple uses and a variety of tenants insures term stable income not dependent on a single industry. Most tenants are on year-to-year lease agreements but some are month-to-month and would allow for an owner/user to utilize the property on an “as needed” basis. Building #1 - 18,700 SF Building #2 - 20,819 SF
