407 Timaquan Trail, Edgewater, FL

$6,088,000

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About 407 Timaquan Trail

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.

Features of 407 Timaquan Trail

MLS® # 1203795
Price $6,088,000
Bathrooms 0.00
Acres 0.00
Year Built 2007
Type Commercial Sale
Sub-Type Industrial
Status Active

Community Information

Address 407 Timaquan Trail
Area 80 - Edgewater
City Edgewater
County Volusia
State FL
Zip Code 32132

Amenities

Parking Parking Lot
Is Waterfront No
Has Pool No

Interior

Fireplace No

Exterior

Lot Description Other

Listing Details

OfficeColdwell Banker Commercial Benchmark

Listing Map

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