JACKSONVILLE, FL., – August 23, 2023 – NAI Hallmark, Jacksonville’s largest locally owned commercial real estate brokerage and property management firm, announces the sale of 1175 Beville Road in Daytona Beach, FL (the “Property”). Vice President Austin Kay represented the seller, Seminole Land Holdings Inc. The Buyer, Health Insurance Associates purchased the Property for $7,775,000.
“This asset was maximized at its highest and best use, first selling of the former Sam’s gas pad to a high-credit car wash user and ultimately finding an owner-operator to draw the preferred traffic to satisfy Walmart under the planned unit development. After navigating multiple zoning and PUD restrictions, we were all pleased to welcome the Health Insurance Associates group as the new owners of the building. They will employ nearly 500 professionals under one roof from three different offices. A home run for the City of Daytona, the seller, and Walmart was the outcome we set out for.” said Austin Kay, Vice President at NAI Hallmark.
This retail property is comprised of a 141,233 square foot building situated on 16.84 acres. The Property is located just south of Daytona International Speedway and Daytona Beach International Airport and 5 minutes off Interstate-95.
For more information regarding the sale of 1175 Beville Road in Daytona Beach, FL, or any questions relating to retail real estate, please contact Austin Kay at +1 904 493 4495.
