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700 S John Rodes Blvd
Melbourne, FL 32904

$550,000 USD

Warehouse Condo For Sale  •  2,688 SF

Property Details

  • Property Type Warehouse
  • Total Building Size 13,440 SF
  • Building Class B
  • Year Built 1986
  • Cap Rate 11.93 %
  • Tenancy Multiple
  • Zoning M1
0 Transit Score
18 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit B7 & B8 Flex 2,688 SF $550,000 USD
  • Unit Size: 2,688 SF
  • Condo Use: Flex
  • Price: $550,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $204.61 USD
Sale Notes
• Est. 1,151 SF Warehouse + 4,225 SF HVAC Office = 5,376 SF Total.
• 2,688 SF Footprint + Upstairs 2,688 SF = 5,376 SF Total.
• Interior: Reception, 6 Offices, Conference Room, Bullpen, Break Room.
• Two 9' Wide x 10' Tall +/- Grade Level Doors. 
• LL Collects $6,300/month + FL Sales Tax.
• Term Expires 9/30/25. Two 1-Year Tenant Renewal Options with 2% Annual Escalators.
• Tenant Pays Interior Maintenance up to $1,500. Tenant Pays Utilities.
• LL Pays Association Dues (est. $322/month) and Property Taxes.
• City Water/Sewer, 1-Phase FPL Electric (3-Phase Nearby).
• 6 Paved/Striped/Lighted Asphalt Parking Spaces.
• Est. 2024 Monthly Association Dues are $161 Per Unit = $322 Total.
• M-1 Zoning: Light Assembly/Manufacturing, Office, Warehouse & More!
• Seller will Consider Financing Subject to Contract Terms & Buyer Credit.

Description

Located on John Rodes Boulevard which is a direct connector between New Haven Avenue, Ellis Road & Eau Gallie Boulevard. Three Interstate 95 interchanges nearby. Close proximity to the Melbourne International Airport, L3Harris, Northrop Grumman, and numerous employers. Call today for details!

Highlights

Est. 1,151 SF Warehouse + 4,225 SF HVAC Office = 5,376 SF Total
LL Collects $6,300/month + FL Sales Tax
Term Expires 9/30/2025. Two 1-Year Tenant Renewal Options with 2% Annual Escalators
Tenant Pays Interior Maintenance up to $1,500. Tenant Pays Utilities
Two 9' Wide x 10' Tall +/- Grade Level Doors
Seller to Consider Financing Subject to Contract Terms & Buyer Credit

Property Flyers

Financial Summary

Cap Rate: 11.93 %
Total Expenses: $0 USD

Amenities

  • 24 Hour Access
  • Reception
  • Storage Space
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Melbourne Orlando International 12 min - 4.9 mi
Zachary Ullian 321-750-3439 The Ullian Realty Corporation
Zachary Ullian 321-750-3439 The Ullian Realty Corporation