Price: $550,000

700 S John Rodes BoulevardMelbourne, FL 32904

700 S John Rodes Boulevard

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0

Square Foot

5,376

Total Sq. Ft.

N/A

Bedrooms

4.00

Full Baths

N/A

½ Baths

No

Waterfront

1986

Year Built

MLS # 1011883

Type: Industrial

List Date: 04-24-2024

Homestead: N/A

Zoning: N/A

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Property Description:

Excellent opportunity to purchase an income producing warehouse condo in the heart of Melbourne! Sale includes two adjoining 1, 344 SF units = 2, 688 SF footprint + bonus builtout upstairs 2, 688 SF = 5, 376 SF total. Floorplan is est. 1, 151 SF warehouse + 4, 225 SF HVAC office. Interior includes a reception area, 6 offices, conference room, bullpen and a break room. Currently 100% occupied. Est. 2024 NOI is $54, 044 (est. 9.8% CAP). Lease term expires 9/30/24. Tenant has two 1-year renewal options with 2% annual escalators. Unit has two 9' wide x 10' tall +/- grade level doors. Utilities include City Water/Sewer and 1-Phase FPL electric. Conveniently located on John Rodes Boulevard which is a direct connector between New Haven Avenue, Ellis Road & Eau Gallie Boulevard. Three Interstate 95 interchanges nearby. Close proximity to the Melbourne International Airport, L3Harris, Northrop Grumman and numerous employers.

Exterior Features

N/A

Interior Features:

N/A

Equipment / Appliances:

N/A

Utilities:

N/A

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Property Details

Street Name:

John Rodes Boulevard

County:

Brevard

Listing Status:

Active

Tax Year:

2023

Waterfront:

No

Zip Code:

32904

Subdivision:

None

Tax Amount:

$2,793

HOA Dues:

$0.00

Broker Reciprocity
700 S John Rodes Boulevard Melbourne, FL 32904

This listing is courtesy of The Ullian Realty Corporation.

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