424 Luna Bella Lane Unit: B+C, New Smyrna Beach, FL

Two Commercial Condos totaling 6,604 SF with storefront on busy Luna Bella Lane.-Unit C (Suite 131): 4,354 SF is leased by Snap Fitness through April 2033.$62,819.12 Current Annual Base Rent 1/1/2024-12/31/2024, 4% annual increases except 2029 which has 19% increase, PLUS Tenant pays condo dues and real estate taxes.-Unit B (Suite 133): 2,250 SF is vacant and available for lease at projected $24.00 per SF base rent.$54,000 Annual Base Rent, PLUS Tenant will pay condo dues and real estate taxes.Projected Initial Cap Rate 7.8% with both units leased. Projected Overall Cap Rate 9.1% when factoring in all increases.Location has some of the best demographics in East Volusia County.

Property Information
# Units	2
Area	97 - New Smyrna Beach S of Pioneer, W of 95
Bldg Type/location	Attached, Commercial, Condo, Office Building
County	Volusia
Directions	Located west of Interstate 95 between Pioneer Trail and SR 44 just off Airport Road.
Possible Use	General Office, Office/Showroom, Personal Service, Professional, Professional Service
Sqft - Bldg	6604.00
Sqft: Office Sqft	6604.00
State/province	FL
Style	Comm-Land & Bldg Incl
Unit #	B+C
Year Built	2007
Zip Code	32168
Zoning	Professional
Financial / Legal Info
Document Timestamp	2024-02-07T13:23:41
List Price	1500000.00
Tax Id	7307-04-00-0020 & 7307-04-00-0030