Active

407 Timaquan Trail

Edgewater FL, 32132

$6,088,000


$177.49 per sqft

Active

34,300 sqft

Commercial

Built in 2007

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.

1203795

MLS ID

September 12, 2024

Listed

November 22, 2024

Updated

Map

407 Timaquan Trail
Edgewater FL, 32132

Other Property Details

Area Name

80 - Edgewater


Days on Market

61


Garage

No


Parking

Parking Lot


View

No


County

Volusia


Pool

No

 

Courtesy of Coldwell Banker Commercial Benchmark, Holly Booth,
Listing Contact:  

Information is deemed reliable but not guaranteed. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all information.

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