Edgewater Light Industrial Package
$6,088,000
1731 Fern Palm Drive and 407 Timaquan Trail Edgewater, FL 32132
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About this listing
Both properties are located in Edgewater, Florida. Within Industrial Parks and excellent growing area near Florida's Space Coast.
Great Investment Opportunity
Two Multi Unit Industrial Locations
Well Maintained Buildings
The 2-property portfolio totals 34,300 SF of small bay light industrial space located in the Parktowne Industrial Complex. Units range from 1,500 - 2,400 SF. Included is MLS #1203795 at 407 Timaquan Traill with 2 buildings totaling 20,800 SF. Ceiling height is 19 FT to the eave. Roof recently coated and carries a 10-year warranty. Parking lot is 6'' thick concrete. MLS#1203947 at 1731 Fern Palm Dr., located 3 miles from Timaquan Trail, is 3 buildings totaling 13,500 SF. Ceiling heights range from 12 FT to 18 FT Both properties are immaculately maintained with no deferred maintenance. Owner expenses for the properties for the trailing 12 months is $1.81/sf. Both properties are fully leased on month-to- month leases with mostly long- term tenants. Leases are structured as modified gross leases with tenant only paying for electric. Units are metered separately for power. Water is not metered separately. Average lease rate across both properties is $10.97/SF/Yr modified gros
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Building Size
34,300 sqft
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Lot Area
3.15 acres
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Year Built
2007
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Zoning
Industrial
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MLS ID
1203947, 1203795
DESCRIPTION
- • Age: 11-20 Years Old
