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Office Warehouse

Woodlake Commerce Park Condos

2300 & 2320 Commerce Park Dr NE, Palm Bay, FL 32905

Listing Price: $4,670,000

Cap Rate
7.75%
Lot Size
0.61 acres
Year Built
1991
Rentable SF
24,441

Investment Overview

24,441 SF office/industrial condo sale in Palm Bay, FL.

Investment Highlights

  • 24,441 Square Foot Office/Industrial Condo Sale (Roughly 48,000 Square Feet in the Entire Commerce Park)
  • Subject Includes the Entire 2320 Building, and a Portion of the 2300 Building
  • Offers Majority Ownership and Voting Power in the Woodlake Southwest Condo Association
  • 100% Leased to USBid Inc. on a New Five-Year Lease Signed in January 2022 | AAA Test Lab and WBParts (Both Wholly Owned Subsidiaries of USBid Inc.) Occupy the Space
  • Well Located Business Park with Easy Access to US Hwy 1, Palm Bay Road, I-95, and Orlando/Melbourne International Airports
  • Priced at $191/SF – Below Replacement Cost
  • Total Roof Replacement on Both Buildings in 2018
  • Parking Lot Replacement Slated for 2023

Exclusively Listed By

Financing By

Office Warehouse

Woodlake Commerce Park Condos

Listing Price: $4,670,000

Cap Rate
7.75%
Lot Size
0.61 acres
Year Built
1991
Rentable SF
24,441

Investment Highlights

  • 24,441 Square Foot Office/Industrial Condo Sale (Roughly 48,000 Square Feet in the Entire Commerce Park)
  • Subject Includes the Entire 2320 Building, and a Portion of the 2300 Building
  • Offers Majority Ownership and Voting Power in the Woodlake Southwest Condo Association
  • 100% Leased to USBid Inc. on a New Five-Year Lease Signed in January 2022 | AAA Test Lab and WBParts (Both Wholly Owned Subsidiaries of USBid Inc.) Occupy the Space
  • Well Located Business Park with Easy Access to US Hwy 1, Palm Bay Road, I-95, and Orlando/Melbourne International Airports
  • Priced at $191/SF – Below Replacement Cost
  • Total Roof Replacement on Both Buildings in 2018
  • Parking Lot Replacement Slated for 2023

Investment Overview

24,441 SF office/industrial condo sale in Palm Bay, FL.

Exclusively Listed By

Financing By

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