Excellent opportunity to purchase a single-tenant income producing industrial property in the heart of Palm Bay!! Republic Services has a 10-Year Agreement with City of Palm Bay Commencing 6/1/20. Long Term NNN Lease with Escalators Every 2-Years. Estimated 2022 NOI is $179,220 which is approximately a 6% CAP. There are two buildings for a total of 11,734 SF. Exterior is approximately 3.41 acres of paved/fenced/cleared yard. New roofs on both buildings in 2020 (Techgum Deck Fastened to Trusses). Flexible City of Palm Bay Light Industrial Zoning allows Warehousing, Light Manufacturing, Outdoor Storage & More! Close proximity to US1, Palm Bay Road & Interstate 95. The Melbourne International Airport is approximately 15-minutes away.
Listing courtesy of The Ullian Realty Corporation.