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NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Attributes

Year Built 1986
Building Area
Land Area ()

Property Description

JLL Capital Markets, as exclusive broker, is pleased to offer the exceptional opportunity to acquire Volusia Square, a 204,185 square foot center located on the dominant retail corridor in Daytona Beach, Florida.


Investment Highlights

Dominant Daytona Beach MSA

Over 680,000 residents expected to grow by 6.7% in the next 5 years, the Daytona Beach MSA is a highly diverse metro area featuring a rapidly expanding economy.



Thriving and Diverse Economy Expanding Beyond Tourism

Already crowned “The World’s Most Famous Beach,” Daytona Beach has a thriving economy growing beyond tourism, leisure, and hospitality into medical, academic, aviation, logistics, professional services, and beyond.


Explosive Residential Growth

Massive residential growth unparalleled in the area across three major master-planned communities, featuring over 15,000 homes across the combined developments, in addition to LPGA International, one of the area’s most prestigious golf courses.


World-Renowned Nearby Demand Drivers

Adjacent to the Property are the internationally recognized Daytona International Speedway (capacity for 101,500) and Daytona International Airport (679,000 annual passengers) in addition to other drivers that draw substantial traffic from outside the metro area.


Emerging Industrial Hub and Maturing Retail Market

Daytona Beach features a variety of demand drivers including an emerging industrial hub and dynamic new mixed-use, entertainment retail centers that cater to both tourists and residents alike.


Diverse Employment Base Bolstered by Academic Institutions

Daytona Beach features a diverse employment base with three strong academic institutions attracting 27,000 students annually to support the higher-paying jobs that are being created in the expanding metro area.

Last Updated Date: 17 Feb 2021
Brad Peterson
Brad Peterson
Senior Managing Director, Orlando Office Head
License details
FL-BK3162030 AL-000088844-0 GA-256948 NC-323216
Whitaker Leonhardt
Whitaker Leonhardt
Senior Director, Capital Markets
License details
FL-SL3221137

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Last Updated Date: 17 Feb 2021

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