Oceans Luxury Realty Full Service LLC
Oceans Luxury Realty Full Service LLC
Lisa DiSario, Oceans Luxury Realty Full Service LLCPhone: (386) 295-1131
Email: [email protected]
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listing
1 of 6
CommercialFor Sale
$6,088,000
1731 Fern Palm Drive
Edgewater, FL 32132
Courtesy of Coldwell Banker Commercial Benchmark - Holly Booth
MLS: Daytona Beach AOR MLS
34,300Sq Ft
Est. Mortgage
$31,525/mo

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 gross. This MLS listing is being sold with MLS listing #1203795

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Information courtesy of Coldwell Banker Commercial Benchmark is subject to verification and is not guaranteed.
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