Excellent opportunity to purchase a single-tenant income producing industrial property in the heart of Palm Bay!! Republic Services has a 10-Year Agreement with City of Palm Bay Commencing 6/1/20. Long Term NNN Lease with Escalators Every 2-Years. Estimated 2022 NOI is $179,220 which is approximately a 6% CAP. There are two buildings for a total of 11,734 SF. Exterior is approximately 3.41 acres of paved/fenced/cleared yard. New roofs on both buildings in 2020 (Techgum Deck Fastened to Trusses). Flexible City of Palm Bay Light Industrial Zoning allows Warehousing, Light Manufacturing, Outdoor Storage & More! Close proximity to US1, Palm Bay Road & Interstate 95. The Melbourne International Airport is approximately 15-minutes away.
- Price:
- $2,987,000
- Square Footage:
- 11,734
- Acreage:
- 3.41
- Year Built:
- 1974
- Listing ID #:
- 934186
- Street Address:
- 2575 Doreatha Fields Ave
- City:
- Palm Bay
- State:
- Florida
- Postal Code:
- 32905
- County:
- Brevard
- Community:
- 340 - Ne Palm Bay
- Listing Status:
- Active
- Listing Type:
- Income
PRESCHOOL-6
612 students
12 student/teacher
7-8
845 students
14 student/teacher
9-12
1531 students
16 student/teacher
- Construction Description:
- Concrete Block, Frame - Wood
- Fireplace:
- 48 / Warehousing, D
- Flooring:
- Concrete, Vinyl
- Number Of Units:
- 1
- Siding:
- Stucco
- Stories:
- Other - Call Agent
- Total # Of Buildings:
- 2 Buildings
- Total Building Square Footage:
- 11734
- Year Built:
- 1974
- Conforms To Zoning:
- Li
- Lot Description:
- Paved Street, West Of Us1
- Lot Square Footage:
- 148540.00
- Financing Options:
- Cash, Conventional
- Price Per Square Foot:
- 254.56
- Property Taxes:
- $6,973
- Tax Year:
- 2021
- Parking Description:
- Open Parking
- Cooling System:
- Central Air
- Utilities:
- City Water, Electricity Connected, Sewer Connected
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By The Ullian Realty Corporation
