bellaria intracoastal residences · $40,000,000 200 room hard rock hotel at 900 n. atlantic avenue...

SVN | ALLIANCE COMMERCIAL REAL ESTATE ADVISORS | 1275 WEST GRANADA BOULEVARD, SUITE 5B, ORMOND BEACH, FL 32174 OFFERING MEMORANDUM

BELLARIAINTRACOASTALRESIDENCES801 N. HALIFAX AVENUEDAYTONA BEACH, FL 32118

John W. Trost, CCIMPrincipal | Senior [email protected]

1PROPERTY INFORMATIONProperty Summary

Proposed Unit Mix

2LOCATION INFORMATIONParcel Aerial

Aerial Map

Retailer Map

Regional Map

Daytona Beach Overview

Location Overview

Employment

The Last Three Years - $1.6 Billion of Investment

3ADDITIONAL INFORMATIONRenderings

Proposed Site Plan

Survey

Boat Slip Layout

Floor Plans

Floor Plans

Floor Plans

4DEMOGRAPHICSDemographics Map

5ADVISOR BIOAdvisor Bio

Back Page

OFFERING MEMORANDUMBELLARIA INTRACOASTAL RESIDENCES | 801 N. HALIFAX AVENUE, DAYTONA BEACH, FL 32118

1 PROPERTYINFORMATION

801 N. Halifax AvenueDaytona Beach, FL 32118

BELLARIA INTRACOASTAL RESIDENCES | 801 N. HALIFAX AVENUE, DAYTONA BEACH, FL 32118 SVN | Alliance Commercial Real Estate Advisors |

OFFERING SUMMARY

SALE PRICE: $2,700,000

LOT SIZE: 3+/- Acres

PARCEL NO: 5305-01-01-0040

5305-01-01-0050

ZONING: PD-G Planned

Development - General

PROPERTY OVERVIEWUpscale 53 Unit Condominium Project - Fully Entitled project.3+/- Acres with 300+/- Feet of direct Halifax River frontage.Units ranging from 2,500 SF to 5,600 SF including two story penthouses.All residences have direct views of Halifax River.Resort style pool with 5 poolside cabanas.Freestanding single garages in addition to covered and exterior parking.Potential additional income from cabana, dock and garage sales.Proposed 40 slip dock permit is nearing completion and shall be provided byseller. Conceptual dock layout available. Number of slips will be based onactual mooring size. Increase in dock density may be available.Entitled including City of Daytona Beach Development Order, SJRWMDstormwater permit, City of Daytona site plan approval, SJRWMD revetment andretaining wall permit and all other permits necessary to proceed.

LOCATION OVERVIEWSite situated in a historical neighborhood on the Halifax Intracoastal Waterway.Short walk to the World's Most Famous Daytona Beach. Most likely the lasthigh rise development to be approved on the Halifax River beachside. Locatedin Daytona Beach perfectly nestled between Ormond Beach and Port Orange.

Property Summary


All SVN® offices are independently owned and operated.

UNITS FLOOR A/C BALCONY TOTAL

6 Two 14,618 2,500 17,118

6 Three 14,556 2,500 17,056

6 Four 14,556 2,500 17,056

6 Five 14,556 2,500 17,056

6 Six 14,556 2,500 17,056

6 Seven 14,556 2,500 17,056

6 Eight 14,556 2,500 17,056

6 Nine 14,556 2,500 17,056

5 Ten 20,319 4,418 24,737

* Eleven 12,997 2,366 15,363

TOTAL: 149,826 26,784 176,610

FLOOR GARAGE STORAGE LOBBY CLUBHOUSE

1 13,980 697 1,125 2,302

*2nd Floor of Penthouse Residences

Proposed Unit Mix



2 LOCATIONINFORMATION



Parcel Aerial



Aerial Map



Retailer Map



Bellaria IntracoastalResidences

Regional Map



HOME OF THE "WORLD'S MOST FAMOUS BEACH"

• Only 50 miles northeast of Orlando, 100 miles south ofJacksonville, and 62 miles to Kennedy Space Center

• Features tropical climate (average temperaturesapproximately 80 degrees Fahrenheit)

• Extremely strong tourism base - over 9 million visitors peryear

• Tourism creates approximately $4.6 billion annually to localretail and hospitality businesses

EASE OF ACCESSIBILITY

• Located 7 miles to Interstate 95

• Third busiest mass transit intersection in the state of Florida

• 3 major airports within 60+ miles - Daytona BeachInternational Airport, Orlando International Airport, andSanford Airport

• I-95/I-4 interchange getting $250 million federally fundedimprovements

EXCEPTIONAL BUSINESS ENVIRONMENT ANDOUTSTANDING HIGHER EDUCATION FOOTPRINT

• Public Companies: Brown & Brown (NYSE:BRO), TopBuild(NYSE: BLD), International Speedway Corporation (NASCAR)(NYSE:ISC), Teledyne Oil, and Consolidated Tomoka LandCompany (NYSE: CTO)

• Significant number of small and light manufacturing, majordistribution centers, aerospace and defense products, andautomotive

• 4 MAJOR UNIVERSITIES / COLLEGES:

• Embry-Riddle Aeronautical University - 6,011 students

• Stetson University - 4,330 students

• Bethune-Cookman University - 3,934 students

• Daytona State College - 21,040 students

Daytona Beach Overview



Location Overview LOCATED JUST MINUTES TO: Brown and Brown Insurance plans to build a $30,000,000, 10-story downtown headquarters overlooking the Halifax River – projected completion of the building in 2020 and estimated to create 600 new jobs by 2022

$192,000,000 Daytona Beach Convention Hotel & Condominiums 501 hotel rooms & 128 condo units. 1.1 Million SF on 4.5 acres, plus 517 space parking garage – Under construction

$40,000,000 200 room Hard Rock Hotel at 900 N. Atlantic Avenue – Opened 2018

Location Overview



Daytona International Speedway and International Speedway Corporation 190,000 SF Headquarters

$46,000,000 Tanger Factory Outlet Center - 350,000 SF projected to generate 900 full and part-time jobs - Opened 2016

$800,000,000 One Daytona mixed-use project, estimated 7,200 new jobs. Bass Pro Shops, Cobb Daytona Luxury Theatres, PF Chang’s, Guitar Center, and Marriott Autograph Collection – Opened 2017

LPGA Golf Course & Jimmy Buffett's Latitude Margaritaville proposed 6,900 new homes – Under construction

Location Overview



Mosaic proposed 1,100 homes and Bayberry Lakes 1,000 homes under construction – LPGA Boulevard corridor

Buc-ee’s planned 120-pump, 50,000 SF convenience store on LPGA Boulevard

LandShark Bar & Grill and Cocina 214 restaurants on beachside – Opened 2017

Embry-Riddle Aeronautical University and Embry Riddle $12,000,000 Research and Technology Park

944 Bed Halifax Health Medical Center

Daytona Auto Mall 18 Auto Dealerships including Ford, Dodge, BMW, Maserati, Mercedes Benz, Infiniti & Mini Cooper

Trader Joe’s $80,000,000 - 800,000 SF distribution warehouse 450 new jobs created

Daytona Beach International Airport

Daytona State College - more than 21,000 Students annually and 1,497 employees

Bethune-Cookman University - Faculty and Student Body of more than 4,100

International Speedway Boulevard Commercial Corridor and Interstate 95 $246,300,000 new Interchange - under construction

Location Overview



TOP LOCAL EMPLOYERS

COMPANY NUMBER OF EMPLOYEES

HALIFAX HOSPITAL 3,197FLORIDA HOSPITAL 5,510EMBRY-RIDDLEAERONAUTICAL UNIVERSITY 1,100DAYTONA STATE COLLEGE 980TANGER OUTLETS 900INTERNATIONAL SPEEDWAYCORPORATION (NYSE: ISCA) 760PEVONIA 600TELEDYNE (NYSE: TDY) 525TRADER JOE'S DISTRIBUTION CENTER 450HALIFAX MEDIA GROUP 400TOPBUILD (NYSE: BLD) 360BROWN & BROWN (NYSE: BRO) 309NASCAR (NASDAQ: ISCA) 280COSTA DEL MAR 174AO PRECISION 135B BRAUN 175

Employment



AREA PROJECTS

$30 Million Brown & Brown Insurance Riverfront Headquarters - 10-story Downtown Daytona Beach headquarters projected tobe complete in 2020

$1 Billion Latitude Margaritaville (Under Construction) - Minto - Development of 6,900-home active adult community300 homes per year - Development started in 2018

$100 Million Tanger Outlets (Completed 2016) - Tanger - 80 upscale brand name and designer outlet retailersFirst Tanger Outlet developed in Florida - 900 full/part time jobs

$800 Million One Daytona (Under Construction) - ISC - Mixed use retail destination with Cobb Theatres, Bass Pro Shops, PFChang's, Guitar Center, Marriott Autograph Collection - Opened 2018

$25 Million Hilton renovation (Under Construction) - Starwood Capital - Daytona's largest hotel (744 keys)

$80 Million Trader Joe's Distribution Center (Completed 2015) - 630,000+ SF refrigerated distribution facilityCreated estimated 500 new jobs + 100 drivers

$192 Million Daytona Beach Convention Hotel & Condominiums (Under Construction)Two 300-foot plus towers - 120 condos and 501 hotel rooms

$40 Million Hard Rock Hotel (Completed 2018) - A 200 room hotel

$40 Million B. Braun Distribution Facility (Completed 2018)

The Last Three Years - $1.6 Billion Of Investment



3 ADDITIONALINFORMATION



Renderings



Proposed Site Plan



Survey



Boat Slip Layout



Floor Plans



4DEMOGRAPHICS



POPULATION 1 MILE 3 MILES 5 MILES

Total population 4,698 46,275 100,809

Median age 48.3 39.4 40.3

Median age (Male) 47.4 37.7 38.8

Median age (Female) 49.6 40.9 42.1

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 2,557 19,525 41,677

# of persons per HH 1.8 2.4 2.4

Average HH income $42,319 $40,692 $44,044

Average house value $218,499 $167,272 $173,210

* Demographic data derived from 2010 US Census

Demographics Map



5 ADVISOR BIO801 N. Halifax Avenue

Daytona Beach, FL 32118


1275 West Granada BoulevardSuite 5BOrmond Beach, FL 32174T 386.301.4581C [email protected] #BK-0160420

PROFESSIONAL BACKGROUND

WORKING IN COMMERCIAL REAL ESTATE SINCE 1985IT IS ALL ABOUT YOU!

Your dreams, your needs, and your time. Working with you, on your team asagent and advocate from the beginning through to closing.

Seasoned professional with the education, designation, and experience.Bachelor of Business Administration - Degree in Finance from the Universityof Central Florida, the coveted Certified Commercial Investment Member(CCIM) designation, and the hands-on experience working with businessprofessionals, developers, and investors.

A recognized leader with over 30 years experience in Commercial RealEstate Sales and Leasing. During that time working with developers, financialinstitutions, and property owners to maximize their returns and leveragetheir time in land and investment property sales from multifamily sites andsubdivisions, to large and small retail shopping centers and officecomplexes, and church properties across Florida. As well as extensiveexperience in office and retail leasing to numerous national, regional, andlocal tenants.

Involved and a tremendous supporter of various youth and high schoolsporting activities, including weightlifting, football, basketball, and golf.Served on the board of local Pop Warner Football, High School QuarterbackClub, and other non-profit organizations.

With tremendous growth and interest in the Volusia-Flagler market, you toocan benefit from the strength of a commercial broker with the expertise andintegrity to maximize your dollars and your time.

EDUCATION

Bachelor, FinanceUniversity Of Central Florida 1992

MEMBERSHIPS & AFFILIATIONS

International Council of Shopping CentersCCIM Institute

JOHN W. TROST, CCIM

Principal | Senior Advisor

Advisor Bio



bellaria intracoastal residences · $40,000,000 200 room hard rock hotel at 900 n. atlantic avenue...

Documents