One Sotheby's International
Excellent opportunity to purchase a 6,520 SF stand-alone warehouse in the heart of the Melbourne business & industrial park! Currently occupied with a national tenant. Est. 2024 NOI is $69,950 (5% CAP). Lease term expires 11/30/2026. Tenant has one 5-year renewal option. There is a 4% annual rent escalator. Concrete block structure, interior has est. 820 SF HVAC office + 5,700 SF warehouse. Clear height ranges 11' 6'' - 14' +/- in warehouse. There are four 12' x 12' +/- grade level doors. Utilities include City Water/Sewer and 120/240v 200A 1-Phase FPL electric. Interstate 95 and the Melbourne International Airport are nearby. Surrounding employers include L3Harris, Northrop Grumman, Amazon and GE to name a few.