1900 Summit Tower Blvd, Suite 220 Orlando FL 32810

11 Commerce, Palm Coast, Fl- 32164

  •  17,400,000
  •  Commercial
  •  0
  •  0.0
  •  0
  •  1990
  •  53 Days on market

This 10-year NNN lease investment property is being sold together with the building and land located at 2 Commerce Pkwy (tax ID 07-11-31-5112-00000-0120). Located in the heart of Palm Coast's industrial area, this multi-building complex yields an 8% annual cap rate! The corporate tenant is a well-established Palm Coast business with revenues in excess of $27M per year. This versatile facility has combined square footage of 204,000 SF with over 300 parking spaces. The space is currently configured with 26% office in building 11 and 78% office in building 2 with remaining space used for warehouse, light assembly and call center. Of the total 27 acres, coverage ratios are below 33% providing room for expansion. Strategically located at the midpoint between Orlando and Jacksonville.

Legal: PINE LAKES INDUSTRIAL PARK, SITES 3 THRU 6 OR 244/316, OR 462/1669 OR 462/1869

MLS# : 1059241
Property Type : Commercial
Sub Type : Comm-Land & Bldg Incl
County : Flagler
Neighberhood : N/A
Lot Dimensions : 27.75
Heating : Central,Electric
Roofing : Metal
Zoning : Industrial
Construction : Concrete Block,Concrete Poured,Concrete Tilt-up
Foreclosure : No
Parking Spaces : 300
Parking : Paved
Gross taxes : N/A
Pool : No
Short Sale : No
Water : City
Sewage : Public Sewer
Map View Satellite View Street View

Similar Property

Join us on social media

Orlando Web Design by CREATE180 Design