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.
Emergency Generator, Three Phase
Ground Level Door, Private Restrooms, Security System, Passenger Elevator, Accessibility, Sprinkler System, Loading Ramp, Truck Drive in Door, Truck Height Dock
Concrete Poured, Concrete Block, Concrete Tilt-up
© 2019 Daytona Beach Area Association of REALTORS®
Information Courtesy of Daytona Beach Area Association of REALTORS® Multiple Listing Service
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