Melbourne, FL 32901
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.
Listing Office: One Sotheby's International
Last Updated: July - 08 - 2022
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