bellaria intracoastal residences · $40,000,000 200 room hard rock hotel at 900 n. atlantic avenue...
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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 | Page 3
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
BELLARIA INTRACOASTAL RESIDENCES | 801 N. HALIFAX AVENUE, DAYTONA BEACH, FL 32118 SVN | Alliance Commercial Real Estate Advisors | Page 4
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
BELLARIA INTRACOASTAL RESIDENCES | 801 N. HALIFAX AVENUE, DAYTONA BEACH, FL 32118 SVN | Alliance Commercial Real Estate Advisors | Page 5
All SVN® offices are independently owned and operated.
2 LOCATIONINFORMATION
801 N. Halifax AvenueDaytona Beach, FL 32118
BELLARIA INTRACOASTAL RESIDENCES | 801 N. HALIFAX AVENUE, DAYTONA BEACH, FL 32118 SVN | Alliance Commercial Real Estate Advisors | Page 6
Parcel Aerial
BELLARIA INTRACOASTAL RESIDENCES | 801 N. HALIFAX AVENUE, DAYTONA BEACH, FL 32118 SVN | Alliance Commercial Real Estate Advisors | Page 7
All SVN® offices are independently owned and operated.
Aerial Map
BELLARIA INTRACOASTAL RESIDENCES | 801 N. HALIFAX AVENUE, DAYTONA BEACH, FL 32118 SVN | Alliance Commercial Real Estate Advisors | Page 8
All SVN® offices are independently owned and operated.
Retailer Map
BELLARIA INTRACOASTAL RESIDENCES | 801 N. HALIFAX AVENUE, DAYTONA BEACH, FL 32118 SVN | Alliance Commercial Real Estate Advisors | Page 9
All SVN® offices are independently owned and operated.
Bellaria IntracoastalResidences
Regional Map
BELLARIA INTRACOASTAL RESIDENCES | 801 N. HALIFAX AVENUE, DAYTONA BEACH, FL 32118 SVN | Alliance Commercial Real Estate Advisors | Page 10
All SVN® offices are independently owned and operated.
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
BELLARIA INTRACOASTAL RESIDENCES | 801 N. HALIFAX AVENUE, DAYTONA BEACH, FL 32118 SVN | Alliance Commercial Real Estate Advisors | Page 11
All SVN® offices are independently owned and operated.
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
BELLARIA INTRACOASTAL RESIDENCES | 801 N. HALIFAX AVENUE, DAYTONA BEACH, FL 32118 SVN | Alliance Commercial Real Estate Advisors | Page 12
All SVN® offices are independently owned and operated.
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
BELLARIA INTRACOASTAL RESIDENCES | 801 N. HALIFAX AVENUE, DAYTONA BEACH, FL 32118 SVN | Alliance Commercial Real Estate Advisors | Page 13
All SVN® offices are independently owned and operated.
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
BELLARIA INTRACOASTAL RESIDENCES | 801 N. HALIFAX AVENUE, DAYTONA BEACH, FL 32118 SVN | Alliance Commercial Real Estate Advisors | Page 14
All SVN® offices are independently owned and operated.
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
BELLARIA INTRACOASTAL RESIDENCES | 801 N. HALIFAX AVENUE, DAYTONA BEACH, FL 32118 SVN | Alliance Commercial Real Estate Advisors | Page 15
All SVN® offices are independently owned and operated.
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
BELLARIA INTRACOASTAL RESIDENCES | 801 N. HALIFAX AVENUE, DAYTONA BEACH, FL 32118 SVN | Alliance Commercial Real Estate Advisors | Page 16
All SVN® offices are independently owned and operated.
3 ADDITIONALINFORMATION
801 N. Halifax AvenueDaytona Beach, FL 32118
BELLARIA INTRACOASTAL RESIDENCES | 801 N. HALIFAX AVENUE, DAYTONA BEACH, FL 32118 SVN | Alliance Commercial Real Estate Advisors | Page 17
Renderings
BELLARIA INTRACOASTAL RESIDENCES | 801 N. HALIFAX AVENUE, DAYTONA BEACH, FL 32118 SVN | Alliance Commercial Real Estate Advisors | Page 18
All SVN® offices are independently owned and operated.
Proposed Site Plan
BELLARIA INTRACOASTAL RESIDENCES | 801 N. HALIFAX AVENUE, DAYTONA BEACH, FL 32118 SVN | Alliance Commercial Real Estate Advisors | Page 19
All SVN® offices are independently owned and operated.
Survey
BELLARIA INTRACOASTAL RESIDENCES | 801 N. HALIFAX AVENUE, DAYTONA BEACH, FL 32118 SVN | Alliance Commercial Real Estate Advisors | Page 20
All SVN® offices are independently owned and operated.
Boat Slip Layout
BELLARIA INTRACOASTAL RESIDENCES | 801 N. HALIFAX AVENUE, DAYTONA BEACH, FL 32118 SVN | Alliance Commercial Real Estate Advisors | Page 21
All SVN® offices are independently owned and operated.
Floor Plans
BELLARIA INTRACOASTAL RESIDENCES | 801 N. HALIFAX AVENUE, DAYTONA BEACH, FL 32118 SVN | Alliance Commercial Real Estate Advisors | Page 22
All SVN® offices are independently owned and operated.
Floor Plans
BELLARIA INTRACOASTAL RESIDENCES | 801 N. HALIFAX AVENUE, DAYTONA BEACH, FL 32118 SVN | Alliance Commercial Real Estate Advisors | Page 23
All SVN® offices are independently owned and operated.
Floor Plans
BELLARIA INTRACOASTAL RESIDENCES | 801 N. HALIFAX AVENUE, DAYTONA BEACH, FL 32118 SVN | Alliance Commercial Real Estate Advisors | Page 24
All SVN® offices are independently owned and operated.
4DEMOGRAPHICS
801 N. Halifax AvenueDaytona Beach, FL 32118
BELLARIA INTRACOASTAL RESIDENCES | 801 N. HALIFAX AVENUE, DAYTONA BEACH, FL 32118 SVN | Alliance Commercial Real Estate Advisors | Page 25
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
BELLARIA INTRACOASTAL RESIDENCES | 801 N. HALIFAX AVENUE, DAYTONA BEACH, FL 32118 SVN | Alliance Commercial Real Estate Advisors | Page 26
All SVN® offices are independently owned and operated.
5 ADVISOR BIO801 N. Halifax Avenue
Daytona Beach, FL 32118
BELLARIA INTRACOASTAL RESIDENCES | 801 N. HALIFAX AVENUE, DAYTONA BEACH, FL 32118 SVN | Alliance Commercial Real Estate Advisors | Page 27
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 | 801 N. HALIFAX AVENUE, DAYTONA BEACH, FL 32118 SVN | Alliance Commercial Real Estate Advisors | Page 28
All SVN® offices are independently owned and operated.
1275 West Granada Boulevard, Suite 5BOrmond Beach, FL 32174
386.301.4581svnalliance.com
All SVN® Offices Independently Owned & Operated | 2018 All Right Reserved