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.
Woodlake Commerce Park Condos
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
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
