930 S Harbor City Boulevard, Melbourne, FL 32901 (MLS# 938771)


$18,500,000
930 S Harbor City Boulevard
Melbourne, FL 32901
MLS# 938771
68102 sqft


930 S Harbor City Boulevard, Melbourne, FL 32901
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Property Description
6% cap rate!! Beautiful 5 story glass office building with water views!! This building is 99% full! Only 1535 sq.ft left to lease. The Net Income is $1,138,894.08 a year with CAM paying the expenses. Tenants leases have 3 to 5% bumps per year built into leases and current CAM is $6.25. Office spaces have been completely renovated to A+ standards along with all the common areas and bathrooms. Tons of parking in both front and back of the building.

Details
Maps
Contract Information
Res Sub-Type: Income
Property Status: Standard
List Price: $18,500,000
List Price/SqFt: 271.65
Current Price: $18,500,000
Listing Date: 2022-06-24
Status: Active
Measurements From: Other
Location, Tax & Legal
Tax Acct: 2729508
Tax ID: 27-37-34-Ep-0000a.0-0018.01
Taxes: 96997.1
Tax Year: 2021
Street #: 930
Street Dir: S
Street Name: Harbor City
Street Suffix: Boulevard
County: Brevard
State/Province: FL
Zip Code: 32901
Area: 323 - Eau Gallie
General County Loc: South
Use Code: 19 / OFFICE BUILDING
Subdivision/Condo Name: RIVERSIDE DRIVE
County Sub/Condo Name: RIVERSIDE DRIVE
General Property Description
Home Owners Assoc: None
Number of Units: 18
Buildings: 1 Building
SqFt - Total: 73296
SqFt - Living: 68102
Year Built: 1985
Acreage: 4.39
Lot SqFt: 191228
Split Bedroom: Yes
Waterfront: Yes
Fixer Upper: No
Pool: No
Pool - Private: No
Pool - Community: No
Remarks & Misc
Legal Desc: RIVERSIDE DRIVE LOTS 18 TO 24 BLK A LYING W OF US HWY 1 EXC E 200 FT OF LOTS 22,233 & 24
Schools
Elementary School: Harbor City
Middle School: Hoover
High School: Melbourne
Property Features
Waterfront Type: Indian River
Property Type: 10+ Units
Style: Other - Call Agent
Parking: Under Building; Other - Call Agent
Lot Description: Paved Street; Sidewalks; Other - Call Agent
Construction: Concrete Block; Frame - Metal
Exterior Finish: Stucco
Roof: Rolled Comp
Floor: Carpet; Ceramic Tile; Laminate
Equipment/Appliances: Other
Security/Safety: Secure Lobby
Rent Includes: CAM Expenses; Common Electric; Elevator; Insurance; Lawn/Land Mntnce; Maintenance Person; RE Taxes; Sewer; Water; Other
Common Amenities: Elevator
Utilities: City Water; Common Sewer; Sewer Connected
Heat: Central
Possible Financing: Cash; Conventional
Possession: Closing
Expenses Include: Insurance; Lawn-Landscape Mnt; Legal/Accounting; Maintenance Person; Management; Repair/Maintenance; RE Taxes; Water-Sewer

Listing Office: One Sotheby's International

Last Updated: July - 08 - 2022

930 S Harbor City Boulevard, Melbourne, FL 32901 - MLS# 938771
The listing broker’s offer of compensation is made only to participants of Space Coast MLS as well as Florida Realtors® MLS Advantage Participants.

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