1731 Fern Palm DR Active Save Request In-Person Tour Request Virtual Tour
Edgewater,FL 32132
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 34,300 sqft
Price per Sqft $177
MLS Listing ID 1203947
Originating Board Daytona Beach Area Association of REALTORS®
Annual Tax Amount $10,516
Property Description
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
Location
State FL
County Volusia
Direction South on S.Ridgewood Avenue (US Hwy 1) to right onto SR 442 to right onto Fern Palm Drive
Exterior
Parking Features Parking Lot
Building
Lot Description Other
Others
Senior Community No
Tax ID 8402-01-002540