Airport Business Park

Absolute NNN Sale-Leaseback to Original Operator: Leased to ITA Acquisition LLC (dba Mirasol Shutters) under a 12-year absolute NNN lease through 2034. Tenant covers all expenses — taxes, insurance, and capital items — delivering fully passive income, institutional-grade stability, and zero landlord responsibilities.
Mission-Critical Manufacturing Facility: The tenant designs and manufactures its flagship Mirasol Shutter line from this property, making the site essential to daily operations and ensuring strong occupancy commitment.
Below-Market Rent with Embedded Upside: Current rent of $6.80/SF NNN is materially below regional industrial market rents ($9–$11 /SF NNN+), creating built-in mark-to-market potential at renewal while investors collect steady 2% annual increases.
Attractive Basis and Yield Growth: Offered at $6.7M ($125/SF), well below replacement cost for comparable Florida industrial product. With NOI of $362,615, the asset offers a 5.41% ask cap, growing organically to nearly 6% within 12 months via fixed escalations.
Strategic North Florida Location: Positioned in Airport Business Park, minutes from I-95, I-4, U.S. 1, and Ormond Beach Municipal Airport, providing efficient distribution reach to Jacksonville, Daytona, and Orlando within a supply-constrained corridor.

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