7275 Waelti DrMelbourne, FL 32940

Property Details for 7275 Waelti Dr

Lot size

1.14 AC

Property size (Sq ft)

11,816 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

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.

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.2356

Longitude

-80.6803

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