11 Commerce Blvd

$17,400,000, 204,920 Sqft 27¾ Acres

About This Property

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.

Essential Information

MLS® #1059241
Price$17,400,000
Square Footage204,920
Acres27.75
Year Built1990
TypeCommercial/Industrial
Sub-TypeComm-Land & Bldg Incl
StyleIndustrial
StatusActive

Community Information

Address11 Commerce Blvd
Area60 - Palm Coast
CityPalm Coast
CountyFlagler
StateFL
Zip Code32164

Amenities

FeaturesCurb/Sidewalks
Parking Spaces300
ParkingPaved

Utilities

Emergency Generator, Three Phase

Interior

HeatingCentral, Electric
CoolingCentral

Interior Features

Ground Level Door, Private Restrooms, Security System, Passenger Elevator, Accessibility, Sprinkler System, Loading Ramp, Truck Drive in Door, Truck Height Dock

Exterior

Lot Description27.75
RoofMetal

Construction

Concrete Poured, Concrete Block, Concrete Tilt-up

Listing Details

OfficeParkside Realty Group

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© 2019 Daytona Beach Area Association of REALTORS®

Information Courtesy of Daytona Beach Area Association of REALTORS® Multiple Listing Service

IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and data is deemed reliable but is not guaranteed accurate by the MLS.

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