JLL Brokers Sale of Daytona Beach’s Volusia Square

JLL Capital Markets closed the $12.2-million sale of Volusia Square, a 204,185-square-foot shopping center located on the dominant retail corridor in Daytona Beach.

Lamar Companies in a venture with Real Capital Solutions acquired the asset.

Volusia Square was originally built in 1986 and renovated in 2010. The center’s diverse mix of tenants include Restaurant Depot, Buffalo Wild Wings, Arby’s, LensCrafters and Dollar Tree. The property also features a non-owned Home Depot and Speedway Indoor Karting.

Located at 2455 West International Speedway Blvd., Volusia Square is adjacent to Daytona Speedway and Daytona International Airport, drawing substantial traffic from outside the area. The five-mile area surrounding the property is home to 106,029 residents with an average annual household income of $54,714.

The JLL Capital Markets investment sales advisory team representing the seller was led by senior managing directors Coler Yoakam and Brad Peterson, senior director Whitaker Leonhardt and associate Tommy Isola.

 

Source:  ConnectCRE

 

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