For Sale
$2,385,000

7275 Waelti DrMelbourne, FL 32940

12-Unit Industrial Complex, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 11,816 square foot industrial complex, located at 7275 Waelti Dr, Melbourne, FL 32940, presents a compelling investment opportunity. The property consists of three buildings, each single-story, totaling twelve units and situated on a 1.14-acre lot. Currently operating as a multi-tenant property with a modified lease structure, it boasts a strong net operating income (NOI) of $173,857, yielding a 7.29% cap rate at an asking price of $2,385,000. Each unit is priced at $198,750. The complex features 17 parking spaces and a 12-foot ceiling height, catering to diverse industrial and commercial needs. Built in 1998, the Class B property is well-maintained, offering modern amenities and a durable infrastructure. Zoned BU2, it allows for flexible business usage within Brevard County's thriving Melbourne area. The property benefits from its strategic location, providing easy access to major transportation routes and ample parking for tenants. Rent bumps are included in the lease agreements. This is an ideal investment for those seeking a high-potential asset in a dynamic market.

Highlights

  • 11,816 SF industrial/flex space.
  • BU-2 zoning allows flexible business uses.
  • Prime Melbourne location.
  • Well-maintained building with durable infrastructure.
  • Suitable for diverse industrial and commercial tenants.
  • Ample parking with easy access.

Property Details for 7275 Waelti Dr

Property type
Warehouses, Life science properties
Square Feet
11,816 SF
Class
B
Buildings
3
Stories
12
Lot Size (sq. ft)
49,658 SF
Units
12

Location Insight

City
Melbourne
County
Brevard
State
Florida
Latitude
28.235568
Longitude
-80.6802638
7275 Waelti Dr, Melbourne, Florida

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7275 Waelti Dr
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