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Progess Circle 
7605 Progress
Melbourne, FL 32935
County: Brevard
 
Gene Artusa
(321) 720-5053
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  For Sale Active  
Property Use Type:Investment
Type:Industrial
Warehouse
Building Size:10,000 SF
Lot Size:2.61 Acres
Clear Ceiling Height:12 ft.
Occupancy:100.00%
Price:$799,900
Price/SF:$79.99
Cap Rate:6.50%
Year Built:2000
Date Last Verified:8/18/2008
Property ID:14903785
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Financial Statement 150 KB
 
 Additional Information 

Property Description:
10,000 SF warehouse for sale in Melbourne, Florida. Currently there are 8 separate bays of 1250SF each. 17 ft ceiling height with overhead doors for each unit. Building sits on 2.53 acres zoned Industrial. 50+ parking spaces. City and water, Building was built in 2001. Concrete block and steel construction. Currently there are 6 bays leased. All units are metered separate for water and Electric. This building is ideal for an owner occupied property. Building is close to all major highways and I-95. Asking price is $799,000. For more details please call Gene Artusa 321-720-5053

Location Description:
Property is located close to I95 and SR192.

No. Stories:1Property Types:Warehouse
Flex Space
Commission Split:2%Office Showroom
No. Grade Level Doors:8
TaxID/APN:2733414
 Highlights 
Low MaintenanceFully Leased
 
Price ReducedMotivated Seller
  Financial Summary Actual  
Year:2006
Scheduled Gross Income:$76,800
Effective Gross Income:$76,800
Net Operating Income:$53,625
 
  Major Tenant Information
Tenancy Type: Multiple
 
City Electric
SF Occupied: 3,750
 
Sight & Sound
SF Occupied: 2,500
Lease Expires: 1/1/2009
 
Ken Electric
SF Occupied: 1,250
Lease Expires: 1/1/2008
 
Food Service
SF Occupied: 2,500
Lease Expires: 1/1/2009
 
 
  Debt & Equity Information
No Debt & Equity Information Provided
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Gene Artusa

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12/1/2006
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
 
 
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