We are pleased to present this Office/Industrial Condo for sale! Located in a desirable business district of DeLand off of International Speedway Blvd. Very close proximity to DeLand Municipal Airport, ~6 miles to I-4 interchange, ~21 miles to I-95.
Unit E - 1,620 SF with a grade-level roll-up door. The current tenant will lease back; short term (90) days or up to six months.
The commercial Condo unit (Building) is owned by the seller, it is on a ground lease with the City. This would be a leasehold interest and the city has ownership of the dirt. There is 41 years remaining on the initial ground leases and the renewal option. The base ground lease expires in 2037, and then there’s another 30-year renewal option.
1220 BISCAYNE BOULEVARD, Deland, FL, 32724
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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