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11 Commerce Boulevard
Palm Coast, FL 32164
MLS# 1059241 ID: 59284401
$17,400,000
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Property Description
Comm-Land & Bldg Incl - Palm Coast, FL This 10-year NNN lease investment property is being sold together with the building and land located at 2 Commerce Pkwy (tax ID 07-11-31-5112-00000-0120). Located in the heart of Palm Coast's industrial area, this multi-building complex yields an 8% annual cap rate! The corporate tenant is a well-established Palm Coast business with revenues in excess of $27M per year. This versatile facility has combined square footage of 204,000 SF with over 300 parking spaces. The space is currently configured with 26% office in building 11 and 78% office in building 2 with remaining space used for warehouse, light assembly and call center. Of the total 27 acres, coverage ratios are below 33% providing room for expansion. Strategically located at the midpoint between Orlando and Jacksonville.
Property Features
Status
Last Updated August 20, 2019
Market Status Available
Description
Property Type Commercial
Year Built 1990
Building Features
Handicapped Access
Roof Metal
Central Air
Heating Fuel Electric
Exterior Features
Exterior Construction Block; Concrete Block; Tilt-up (Pre-Cast Concrete)
Parking Paved or Surfaced; 300 spaces
Interior Features
Alarm System
Elevator
Listing Features
Property Type Commercial; Comm-Land & Bldg Incl
Offered By:
Margaret Jones
Parkside Realty Group
Schools Near Property

Select a school from the list below to receive a free school report

School District Grades Type
Flagler County Public Schools Preschool-6 Public
Flagler County Public Schools Preschool-6 Public
Preschool-8 Private
Preschool-12 Private
Flagler County Public Schools Preschool-6 Public
Flagler County Public Schools Preschool-6 Public
Flagler County Public Schools Preschool-6 Public
Diocese Of St. Augustine Preschool-8 Catholic
School District Grades Type
Flagler County Public Schools Preschool-6 Public
Flagler County Public Schools Preschool-6 Public
Preschool-8 Private
Preschool-12 Private
Flagler County Public Schools Preschool-6 Public
Flagler County Public Schools Preschool-6 Public
Flagler County Public Schools Preschool-6 Public
Diocese Of St. Augustine Preschool-8 Catholic
School District Grades Type
Flagler County Public Schools Preschool-6 Public
Flagler County Public Schools Preschool-6 Public
Preschool-8 Private
Preschool-12 Private
Flagler County Public Schools K-8 Public
Flagler County Public Schools K-8 Public
Flagler County Public Schools Preschool-6 Public
Flagler County Public Schools K-6 Public
Flagler County Public Schools Preschool-6 Public
Flagler County Public Schools Preschool-6 Public
Diocese Of St. Augustine Preschool-8 Catholic
School District Grades Type
Flagler County Public Schools 7-8 Public
Preschool-8 Private
Preschool-12 Private
Flagler County Public Schools K-8 Public
Flagler County Public Schools 6-12 Public
Flagler County Public Schools K-8 Public
Flagler County Public Schools 7-8 Public
Diocese Of St. Augustine Preschool-8 Catholic
School District Grades Type
Preschool-12 Private
Flagler County Public Schools 9-12 Public
Flagler County Public Schools 6-12 Public
Flagler County Public Schools 9-12 Public
Data on community demographics, schools and recent sales provided by OnBoard LLC Copyright © 2002 - 2012 OnBoard LLC. Information is deemed reliable but is not guaranteed.
Recent Sales Near Property
Address Beds Baths Price
1 25 Rymer, Palm Coast, Fl 32164 2 $173,000
2 22 Rymshaw, Palm Coast, Fl 32164 2 $173,000
3 21 Raemoor, Palm Coast, Fl 32164 2 $170,000
4 21 Raemoor, Palm Coast, Fl 32164 2 $170,000
5 18 Raemoor, Palm Coast, Fl 32164 2 2 $219,900
6 28 Rymsen, Palm Coast, Fl 32164 2 $152,000
7 1 Rymm, Palm Coast, Fl 32164 4 3 $330,000
8 39 Raeland, Palm Coast, Fl 32164 3 3 $97,700
9 24 Raeland, Palm Coast, Fl 32164 2 $188,000
10 54 Ryan, Palm Coast, Fl 32164 2 $200,000
Data on community demographics, schools and recent sales provided by OnBoard LLC Copyright © 2002 - 2012 OnBoard LLC. Information is deemed reliable but is not guaranteed.
Receive a Free Community Profile
Quick Glance
Population 43,743
Population Growth 204%
Population Density 1312
Median Age 39.7
Median Income $48,211
Households 17,375
Weather
Jan Low 41.13
Jan High 65.38
July Low 70.03
July High 91.63
Annual Precipitation (in.) 59.66
Weather Risk Index* 275
*Index score (100 = National Average) that represents the total risk
Palm Coast Demographics
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Palm Coast Housing Statistics
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Data on community demographics, schools and recent sales provided by OnBoard LLC Copyright © 2002 - 2012 OnBoard LLC. Information is deemed reliable but is not guaranteed.

Data Provided by Daytona Beach Area Association of Realtors

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