315 Stan Drive, Melbourne, FL
Industrial for Sale - $1,750,000 - 26,750 Sq. Ft. on 2 acres


Property Info
CIMLS# | 969243 |
Location 315 Stan Drive Melbourne FL 32904 | |
Updated | November 1st, 2017 |
Type | Industrial |
Price | $1,750,000 |
Building | 26,750 Sq. Ft. |
Land | 2 acres |
Property Description
The sale includes three buildings on two parcels on land on Stan Drive. The property is 100% occupied with 8 tenants with lease terms remaining of 1 to 6 years.
Location Description:
Stan Drive is located off of Ellis Road west of the Melbourne International Airport. The property is within a 10 minute drive of two I-95 exits. Ellis Road is planned to be expanded to 4 lanes and will connect to I-95.
Highlights:
>> Stabilized income and expenses
>> Gross leases with annual rent increases
>> Refurbished and renovated in 2015 & 2016 by new owner
>> City of Melbourne water and septic
>> Metal building and metal roofs
>> Built in 1998 and 2001
>> $135,252 net income
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