11 Commerce Blvd, Palm Coast, 32164

Commercial/Industrial - Comm-Land & Bldg Incl For Sale

$17,400,000

Beds
Baths
204,920Sqft
27¾Acres
1990Built
MLS® #: 1059241
Active

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 Footage: 204,920
Acres: 27.75
Year Built: 1990
Type: Commercial/Industrial
Sub-Type: Comm-Land & Bldg Incl
Style: Industrial
Status: Active

Community Information

Address: 11 Commerce Blvd
Area: 60 - Palm Coast
City: Palm Coast
County: Flagler
State: FL
Zip Code: 32164

Amenities

Utilities: Emergency Generator, Three Phase
Parking Spaces: 300
Parking: Paved

Interior

Interior Features: Ground Level Door, Private Restrooms, Security System, Passenger Elevator, Accessibility, Sprinkler System, Loading Ramp, Truck Drive in Door, Truck Height Dock
Heating: Central, Electric
Cooling: Central

Exterior

Lot Description: 27.75
Roof: Metal
Construction: Concrete Poured, Concrete Block, Concrete Tilt-up

Listing Details

Listing Office: Parkside Realty Group

Financials

$/SqFt: $85

© 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.