ORMOND BEACH, Fla. – NAI Realvest recently completed the sale of 162 S. Nova Rd., a former gift shop in Ormond Beach, for $386,000 that will be redeveloped into a Little Caesars.
Chris Butera, investment associate at NAI Realvest covering Volusia and Flagler counties, represented the local seller in the transaction John Randolph Hill Sr Trust.
The Buyer of the 1,061 square foot facility built in 1979 is Fast Trac Pizza, Inc., a local Little Caesars franchisee. The building sits on 0.42 acres.
Bob Rand of Coldwell Banker Commercial represented the buyer,
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About NAI Realvest
NAI Realvest, serving all of Central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 400 offices spanning the globe. Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.nairealvest.com.