Marcus & Millichap Sells Flex Condo Park In Palm Bay For $4.43M

Marcus & Millichap has sold a flex condominium park in Palm Bay, Florida, spanning 22,441 square feet, for $4.43 million. The property, located within Woodlake Commerce Park at 2300 & 2320 Commerce Park Drive Northeast, was sold in a closed sale transaction. The asset type of the property is a condo. The transaction took place on June 13, 2023, in the Palm Bay market.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $4,430,000
• Address: 2300 & 2320 Commerce Park Drive Northeast
• Market: Palm Bay

Alejandro Silbestein from Resma LLC represented the buyer in this transaction. The seller was represented by David Vaughan, Ray Turchi, and Quint Schenck from Marcus & Millichap. The property received multiple competitive offers and boasts long-term tenants on five-year triple-net leases. The sale price per square foot was $197.