2575 Doreatha Fields Avenue, Palm Bay, FL 32905

$2,987,000
11,734
SqFt
List Price
$2,987,000
MLS#
934186
Status
BACKUPS
Type
Multifamily
Sub Type
Other - Call Agent
County
Brevard
City
Palm Bay
Area
NE Palm Bay
Living Area
11,734
Total Square Feet
11,734
Acres
3.41
Year Built
1974
Days on Market
105

Property Description

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.

Additional Information

Style
Other - Call Agent
Hoa
None
Tax Year
2021
Tax Amount
$6,973
Location Description
Paved Street, West of US1
Equipment And Appliances
None
Utilities
City Water, Electricity Connected, Sewer Connected
Exterior Finish
Stucco
Construction
Concrete Block, Frame - Wood
Roof
Other
Floor
Concrete, Vinyl
Elementary School
Palm Bay Elem
Middle School
Stone
High School
Palm Bay

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of The Ullian Realty Corporation.