Biz Buzz: Commercial property sold by auction

Ormond Beach Observer
Business

Also: Women’s Recovery House opens facility and brewery announces expansion plans

Medical condos sold

Dwight Selby, CEO of Selby Realty Inc., announced the successful auction of three medical office condominiums with a total of 5,616 square feet at 500 Memorial Circle. The seller is Volusia Real Estate Ventures and the buyer is Florida Health Care Plans.

The contract price is $154,000 with a closing planned for late December. The Auction was conducted by Fisher Auction Company on Dec. 5 and the minimum bid price was $90,000.

"The auction method of marketing commercial real estate is rarely used in this area,” Selby said. “It served these sellers exceedingly well by reducing hold time and allowing them to wind down the affairs of this entity in the 2014 tax year."

The property has not been occupied for several years.

Chambers celebrate opening

The grand opening of Avenues 12 Women’s Recovery Houses’ new Sober Living Apartments was held by the Daytona Regional Chamber of Commerce and Ormond Beach Chamber of Commerce. Avenues 12 was founded in 2009 and provides support and transitional living facilities to help integrate women back into the community. The office is located at 204 South St., Daytona Beach. Call 265-4955 or visit avenues12recoveryhouse.com.

Ormond Brewing Co. growing

Ormond Brewing Co., 301 Division Avenue, Unit 15, recently celebrated its first anniversary, and owners Justin Robinson and Jon Pennett said they have tripled revenues since opening last year, and they are currently in the process of expanding.

The company is increasing its capacity from 300 gallons to 3,000 gallons a week and will offer a greater variety to local restaurants.

A new canning machine is expected to be on-line by the end of February and will allow the company to expand into retail outlets, including Total Wine and ABC.

The company is in the process of adding a 4,000-square-foot facility next to its current location and expects to hire 12 more employees by the end of 2015. Currently, the company employs seven people.

Call 290-1239.