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930 S Harbor City Boulevard

Melbourne, FL 32901
  • $18,500,000
  • STATUS: Active
  • ON SITE: 159 Days
  • MLS #: 938771
UPDATED: 23 min ago
$18,500,000
  • 0
    BEDS
  • 4.39
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 73,296
    SQFT
  • $252
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1985
County:

School Information

Elementary School:
Middle School:
High School:

Description

6% cap rate!! Beautiful 5 story glass office building with water views!! This building is 99% full! Only 1535 sq.ft left to lease. The Net Income is $1,138,894.08 a year with CAM paying the expenses. Tenants leases have 3 to 5% bumps per year built into leases and current CAM is $6.25. Office spaces have been completely renovated to A+ standards along with all the common areas and bathrooms. Tons of parking in both front and back of the building.

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© 2022 Space Coast Association of REALTORS®, Inc. The data relating to real estate for sale or lease on this web site comes in part from the Brevard County Broker Reciprocity Database. Real estate listings held by brokerage firms other than Engle Group of Brevard | eXp Realty are marked with the IDX logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Engle Group of Brevard | eXp Realty.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-12-01T22:10:26.663.
www.englegroupbrevard.com/homes/130231056
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930 S Harbor City Boulevard Melbourne, FL 32901

  • Price: $18,500,000
  • Status: Active
  • On Site: 159 Days
  • Updated: 23 min ago
  • MLS #: 938771
0
Beds
0
Baths
0
½ Baths
4.39
Acres
73,296
SQFT
$252
$/SQFT
1985
Built
Neighborhood:
Riverside Drive
County:
Brevard
Area:
323 - Eau Gallie
Elementary School:
Harbor City
Middle School:
Hoover
High School:
Melbourne
Property Description
6% cap rate!! Beautiful 5 story glass office building with water views!! This building is 99% full! Only 1535 sq.ft left to lease. The Net Income is $1,138,894.08 a year with CAM paying the expenses. Tenants leases have 3 to 5% bumps per year built into leases and current CAM is $6.25. Office spaces have been completely renovated to A+ standards along with all the common areas and bathrooms. Tons of parking in both front and back of the building.
Exterior Features

Community Pool No Construction Concrete BlockFrame - Metal Exterior Finish Stucco Lot Description Other - Call AgentPaved StreetSidewalks Parking Other - Call AgentUnder Building Pool No Private Pool No Roof Rolled Comp Style Other - Call Agent Water Frontage Description Indian River Waterfront Present Yes

Interior Features

Equipment And Appliances Other Floor CarpetCeramic TileLaminate Heating Central Split Bedroom Yes Sq Ft Total 68102.00

Property Features

Community Amenities Elevator Expenses Include InsuranceLawn-Landscape MntLegal/AccountingMaintenance PersonManagementRepair/MaintenanceRe TaxesWater-Sewer Financing CashConventional Fixer Upper No Multifamily Subtype 10+ Units Possession Closing Property Status Standard Rent Includes Cam ExpensesCommon ElectricElevatorInsuranceLawn/Land MntnceMaintenance PersonOtherRe TaxesSewerUtilitiesWater Security And Safety Secure Lobby Source Of Measurement Other Tax Amount 96997.10 Tax Year 2021 Utilities City WaterCommon SewerSewer Connected

Listing provided courtesy of One Sotheby's International: (321) 259-2993.
© 2022 Space Coast Association of REALTORS®, Inc. All Rights Reserved.


© 2022 Space Coast Association of REALTORS®, Inc. The data relating to real estate for sale or lease on this web site comes in part from the Brevard County Broker Reciprocity Database. Real estate listings held by brokerage firms other than Engle Group of Brevard | eXp Realty are marked with the IDX logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Engle Group of Brevard | eXp Realty.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-12-01T22:10:26.663.
 
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Engle Group of Brevard | eXp Realty
7667 N. Wickham Rd #FFF
Melbourne FL, 32940