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1st Floor - Unit B103
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Flex
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2,200 SF
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$739,500 USD
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Unit Size: 2,200 SF
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Condo Use: Flex
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Price: $739,500 USD
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Sale Type: Investment or Owner User
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Price/SF: $336.14 USD
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1st Floor - Unit B104
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Flex
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2,200 SF
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$739,500 USD
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Unit Size: 2,200 SF
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Condo Use: Flex
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Price: $739,500 USD
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Sale Type: Investment or Owner User
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Price/SF: $336.14 USD
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1st Floor - Unit B107
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Flex
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4,400 SF
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$1,500,000 USD
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Unit Size: 4,400 SF
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Condo Use: Flex
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Price: $1,500,000 USD
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Sale Type: Investment
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Price/SF: $340.91 USD
Description
4400 SF light industrial flex space investment - perfect for investor or 1031 Buyer. The condo association takes acre of all exterior maintenance and the Tenant takes care of the interior maintenance.
This is a Sale Leaseback opportunity with a well-established pharma company. They have a 5-year Lease, with built-in rent increases each year, and two 5-year options, so long-term income is assured. Initial cash-on-cash return is just over 5%.
Sale Notes
2025 rental income is $116,400. 2025 expenses include condo fees of $15,600 and real estate taxes of $16,200. Factoring in a 5% contingency for possible expenses, the cash-on-cash return is just over 5%.
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1st Floor - Unit C107
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Flex
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2,200 SF
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$735,000 USD
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Unit Size: 2,200 SF
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Condo Use: Flex
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Price: $735,000 USD
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Sale Type: Owner User
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Price/SF: $334.09 USD
Description
Prime Marlin Commerce Center unit - 2200 SF with 1600 SF at grade level with one office, one restroom, and wide open flex PLUS 600 SF with 2 offices in the mezzanine. 21st Century construction with impact resistant glass doors and windows, concrete exterior walls and wind-tested overhead doors. Established fully fenced and gated business park close to I95 access, in a beautiful park-like setting.
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Christina Morrison
Christina Morrison, P.A., CPM
