Warehouse with Fenced/Cleared Yard in Heart of Melbourne

374, 404 & 424 West Dr Melbourne, FL 32904

374, 404 & 424 West Dr, Melbourne, FL, 32904
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FOR SALE
Property Type:
Warehouse
Amount:
$4,950,000
Last Verified:
Apr 17, 2024


Description

100% Occupied. Single Tenant. 3.5% Annual Escalator. LL Termination Option.
Ability for Buyer to Occupy Building or Collect Rental Income
Est. NOI is $307,680 (Additional Details Available for Qualified Buyers)
424 West Drive: +/- 12,800 SF Office/Warehouse on Est. 2.93 Acres. Built 2007
404 West Drive: +/- 9,500 SF Office/Warehouse on Est. 0.94 Acres. Built 2002
374 West Drive: +/- 1.86 Acres Cleared/Fenced Yard.
City Water, Septic, Fiber, 3-Phase FPL Electric
Mix of CBS & Metal Construction. Multiple Grade Level Doors. High Ceilings.
DO NOT DISTURB TENANT

Strategically located at the corner of West Drive x Ellis Road which is approximately halfway between Interstate 95 and Wickham Road. Close proximity to the Melbourne International Airport, L3Harris, Northrop Grumman, Amazon, and all of the other major employers in the area. Easily accessible via three Interstate 95 interchanges within a 3-mile radius. Call for additional details!

Building Size: 22300sq ft
Lot Size: 5.73 acres


Documents

Sale Brochure

Map of 374, 404 & 424 West Dr, Melbourne, FL, 32904

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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