11 Commerce Boulevard

Estimated Monthly Payment: $79,347/mo 11 Commerce Boulevard, Palm Coast, FL 32164 MLS# 1059241 Commercial Listing Status: Active
204,920 sqft
83
30
0
0

REMARKS:

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.

OVERVIEW:

Commercial
1990
204920
Concrete Block, Concrete Poured, Concrete Tilt-up
Metal
27.75
Central
Central, Electric
City
Public Sewer

FINANCIAL:

$17,400,000

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Parkside Realty Group

 

Information is deemed reliable but not guaranteed. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all information.

 

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