

Listed by Coldwell Banker Premier Properties Palm Coast
$1,250,000
26 Office Park Drive
Details
APN 07-11-31-7003-000A0-011A
Property Type Office
Square Footage 6,090
Net Rentable (SqFt) 6,090
Units 2
Cap Rate 6.50%
Occupancy 95%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 7.65%
Pro-Forma NOI $95,600
Price per SqFt $205
Broker Co-Op Yes
Class A
Year Built 1990
Buildings 1
Stories 1
Acreage 0.290
Zoning office
Parking Spaces spaces
Occupancy Date 06/30/2025
Ownership Corporation
Sale Condition Sale for leaseback
Occupied office building - Central located in Palm Coast, Florida
Marketing description
Office building for sale divided for 2 separate businesses. Ideal for medical or general office. Currently used by tax & accounting business (4,000 square feet ) and a building contractor that occupies 2090 square feet on north side. Each business has its own entrance and electric meters. Owner is flexible to consider a lease back, subdividing, or vacating if the buyer needs the space. South side includes 12 offices, customer and staff bathrooms, lobby, reception area, conference room, break room, and storage. Northside includes 5 offices, conference room, 2 bathrooms, break room, reception, and lobby area. The building is in excellent condition and located in the Palm Harbor Office Park with complimentary businesses nearby. If preferred occupants can stay which will is a nice investment opportunity generating a net income of $94,600 per year.
Investment highlights
Flexible owner can willing to consider lease back, vacate, or subdivide. Good tenants for the balance of the building. The building and parking are in excellent shape . Easy peasy !
Listing Contacts


Listed by Coldwell Banker Premier Properties Palm Coast
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