211 Lake Dr Newark, DE 19702
For Lease
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This exceptional 15,460-square-foot flex space is situated within the prestigious Pencader Corporate Center, a 350-acre business park in Newark, Delaware. The single-story building boasts a steel and brick construction, offering a modern and durable workspace. High ceilings, ranging from 10 to 16 feet, provide ample vertical space, while one loading dock and one drive-in door ensure efficient loading and unloading. The property features 210 paved parking spaces, providing ample parking for employees and visitors. The building is fully conditioned and equipped with a robust power supply, including a 2000-amp, 3-phase electrical service (480/277V) and a substantial 800-amp backup generator, ensuring uninterrupted operations. The property is conveniently located on Route 896, offering easy access to Interstate 95 and Route 40. The Pencader Corporate Center itself is known for its attractive landscaping, wide boulevards, and underground utilities. This space is zoned BP and is currently entirely vacant, offering immediate occupancy. The entire 15,460 square feet is available, though it is divisible. The property's location within this well-maintained business park provides a professional and appealing environment for businesses of all sizes. The ample parking and convenient access to major roadways make this an ideal location for companies seeking a functional and well-situated industrial space. The building's features, including the high ceilings and robust power supply, make it suitable for a variety of industrial and flex uses.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BP · Newark, DENewark. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.