Axiom Capital has structured and arranged a $3,100,000 bridge loan for the refinance of a 139,801 rentable square foot multi-tenant, industrial property located in Palm Coast, Flagler County, Florida.
The property consists of one single-story building with 228 parking spaces situated on 17.44 acres. The property is conveniently located approximately 2 minutes from Palm Coast Parkway and 2.7 miles from I-95. The property features include a clear height of 21 or 30 feet in industrial space and 13 feet for office; steel and masonry construction; Halon Fire Protection System (for data room); two generators; and more. There is a mix of industrial and office space with office encompassing approximately 18% of rentable space. The vacant office space can, and is anticipated, to be subdivided to increase leasability.