For Sale
$4,995,000

605 John Rodes Blvd Melbourne, FL 32934

High-Yield Warehouse w/ Expansion Land

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 30,780-square-foot industrial warehouse situated on a substantial 17.51-acre lot in Melbourne, Florida. The property, built in 1970, features a single-story building with approximately 9,060 square feet of office space and 21,720 square feet dedicated to production/integration. Currently leased to Data Flow Systems, LLC, under a five-year lease, the property boasts an estimated net operating income (NOI) of $225,000, representing a 7% capitalization rate. The warehouse is fully equipped with 100% HVAC and fire sprinklers, and benefits from city water/sewer, fiber optic connectivity, and robust 3-phase power (266/480V, 600 Amps). Strategically located between Ellis Road and Eau Gallie Boulevard, with convenient access to Interstate 95, this property enjoys proximity to major employers such as Melbourne International Airport, Northrop Grumman, L3Harris, and Amazon. The expansive lot size offers significant potential for future expansion, making this a compelling investment for discerning buyers seeking strong cash flow and long-term growth prospects in a prime industrial location. The asking price is $4,995,000.

Highlights

  • 30,780-square-foot industrial warehouse on a 17.51-acre lot in Melbourne, FL.
  • Single-story building with 9,060 square feet of office space and 21,720 square feet of production/integration space.
  • Currently leased to Data Flow Systems, LLC, with a five-year lease and a $225,000 estimated NOI, representing a 7% cap rate.
  • Features 100% HVAC, fire sprinklers, city water/sewer, fiber optic connectivity, and 266/480V, 600-amp 3-phase power.
  • Excellent location near I-95, Melbourne International Airport, and major employers like Northrop Grumman, L3Harris, and Amazon; significant expansion potential.
  • Asking price: $4,995,000.

Property Details for 605 John Rodes Blvd

Property type
Warehouses, Industrial properties
Year Built
1970
Stories
1
Units
1

Location Insight

City
Melbourne
County
Brevard
State
Florida
Latitude
28.1141388
Longitude
-80.698789

FAQs

What type of property is this?
Warehouse - High-Yield Warehouse w/ Expansion Land
Where is the warehouse located?
The property is located at 605 John Rodes Blvd Melbourne, FL.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: 30,780-square-foot industrial warehouse on a 17.51-acre lot in Melbourne, FL.; Single-story building with 9,060 square feet of office space and 21,720 square feet of production/integration space.; Currently leased to Data Flow Systems, LLC, with a five-year lease and a $225,000 estimated NOI, representing a 7% cap rate.
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605 John Rodes Blvd
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