NAI Realvest negotiates $1.75 Million Sale of Daytona Beach Industrial Property

MAITLAND, Fla. -- NAI Realvest recently negotiated the sale of a 45,000 ± square foot warehouse-distribution facility on a 5.85 acre site at 1806 Mason Ave. off Bill France Blvd. in Daytona Beach for $1,750,000.00. Chris Butera, investment associate at NAI Realvest, negotiated the transaction representing Seller Lone Star, a Dallas-based private equity fund manager. The Buyer, LRT Ventures, LLC of Valencia, Penn., purchased the property which was built in 2007 with 40,400 square feet of warehouse space and 4,600 square feet of office space. The buyer, a private investor, was represented by Dick McNerney of Adams Cameron.