$6,088,000 SALE
Industrial
34,300 SF
1731 Fern Palm Drive and 407 Timaquan Trail
Edgewater, FL 32132 Edgewater Light Industrial Package



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


Property Type Industrial
Year Built 2007
Zoning Industrial
Listing ID MHFWQ3
MLS ID 1203947
Additional MLS 1203795
Style Industrial Bldg -Warehouse
Building Size 34,300 SF
Lot Size 3.15 AC

Property Highlights

Great Investment Opportunity

Well Maintained Buildings

Two Multi Unit Industrial Locations

Area Description

Area Description: Both properties are located in Edgewater, Florida. Within Industrial Parks and excellent growing area near Florida's Space Coast.

Region: Edgewater

Region: Central florida

Property Features
Age: 11-20 Years Old