1731 Fern Palm Dr - Warehouse FOR SALE


Edgewater, FL 32132- Florida Shores
$2,600,000 USD
386-262-5079
1731 Fern Palm Dr, Edgewater, FL for Sale
$2,600,000 USD
Warehouse - FOR SALE
1/4
null | 4.24% Cap Rate

1731 Fern Palm Dr
Edgewater, FL 32132
Florida Shores


HIGHLIGHTS

  • 13,500 SF of Buildings with 21 Units
  • 100% Occupancy
  • Well-Maintained Property

OVERVIEW

This Edgewater industrial park is 13,500 SF of light industrial space comprised of three buildings. The eight units stay fully leased to long term tenants. All tenants are on M-T-M leases. The property is well maintained and self managed by the owner. Lease rates are well below market providing upside for a buyer. Owner expenses for the properties for the trailing 12 months is $1.94 psf. Leases are structured as modified gross leases with tenant only paying for electric. Units are metered separately for power. Water is not metered separately.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$220 USD /SF

CAP RATE

4.24%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

13

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.7

LAND SF

73,945

ZONING

07I-1

APN/PARCEL ID

8402-01-00-2540

ASK ABOUT THIS PROPERTY

Kayden SchaperColdwell Banker Commercial BenchmarkMore Info
386-262-5079

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Kayden SchaperColdwell Banker Commercial BenchmarkMore Info
386-262-5079

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.