May 22, 2014
BlueGate retained to advise on the sale of the Gateway Daytona Beach Development Site, Daytona Beach, FL
BlueGate Partners, LLC (“BlueGate”) has been retained by the owner (the “Owner”) regarding its sale of the fee simple interest in the fully approved Gateway Daytona Development Parcel located at the northwest corner of East International Speedway Boulevard and Halifax Avenue in Daytona Beach, Volusia County, FL (the “Property” or the “Site”). The Site totals approximately 5.4 acres and has approximately 650 lineal feet (“lf”) of frontage along the Intracoastal Waterway to the west, and approximately 490 lf of frontage along International Speedway Drive to the south. The Site is adjacent to the Halifax River (Intracoastal Waterway), and is located less than one-half mile west of the Atlantic Ocean, approximately five miles east of I-95 (exit 261). The Property is being offered for sale at $10,000,000 or approximately $1,900,000 per acre. The Property is approved for a 172-slip marina, up to 300 hotel rooms, 16 condominium units, and up to 57,800 sf of retail and restaurant floor area.
The Property is approximately four miles east of Daytona International Speedway, home of the Daytona 500 and the Pepsi 400, which has a capacity for over 167,000 people and generates approximately $1.9 billion in economic impact annually. Daytona Beach is one of Florida’s top tourist markets attracting over 8.3 million visitors, and generating over $4.7 billion in economic impact through tourism annually. In addition, according to a 2013 report by Mid-Florida Marketing and Research, Daytona Beach was listed as the #1 most visited beach from tourists within Florida and tourists east of the Mississippi.
For additional information, please refer to the links below which will allow you to download a copy of the Investment Summary and the Confidentiality Agreement (“CA”). To receive a copy of the detailed Confidential Offering Memorandum, please execute the CA and return by fax to (561) 655-1745 or scan and return by email to firstname.lastname@example.org or email@example.com.