Executive Office Building with Backup
1050 Satcom Lane Melbourne, FL 32940
1050 Satcom Lane, Melbourne, FL, 32940
Contact for pricing
For Sale
Contact for pricing
Pending
Completed in 2015 and updated in 2020, the building includes a high-capacity diesel backup generator.
Property Size61,819 SF
Lot Size9.60 Acres
Days on Market535
Property Features for 1050 Satcom Lane
General Information
- Standard status
- Pending
- Size
- 61,819 SF
- Lot size
- 9.60 Acres
- Property subtype
- Office, Mixed Use
Building Details
- Year Built
- 2015
Listing agency
ONE Sotheby's International Realty Melbourne Beach
(321) 349-5068
Listed by
James Edmunds · License #3414010
Source
Crexi
Added: Feb 2, 2025 Updated: Jul 21 at 2:00PM Checked: Jul 21 at 2:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ONE Sotheby's International Realty Melbourne Beach
Investment Insights
Based on property information with market context.
An executive office building offering 61,819 square feet, completed in 2015 and updated in 2020. The property includes multiple executive conference and high-level security rooms, a state-of-the-art gym with private men’s and women’s locker rooms, multiple chef kitchens, an elegant lounge area, a café, a grand lobby reception, and outdoor dining space.
The building is situated just off US-1 and Viera Boulevard and positioned along Pineda Causeway’s key corridor in Brevard County. The location is described as providing connectivity linking I-95, US-1, and Route 520.
Construction is Class IIB with 100% non-combustible materials, reinforced concrete, a metal frame, and thermal glass finishes. The property is also equipped with a high-capacity diesel backup generator with the capability to sustain full functionality off the grid for nearly a year. It is anchored by a mission-critical global tenant through a leaseback arrangement.
The building is situated just off US-1 and Viera Boulevard and positioned along Pineda Causeway’s key corridor in Brevard County. The location is described as providing connectivity linking I-95, US-1, and Route 520.
Construction is Class IIB with 100% non-combustible materials, reinforced concrete, a metal frame, and thermal glass finishes. The property is also equipped with a high-capacity diesel backup generator with the capability to sustain full functionality off the grid for nearly a year. It is anchored by a mission-critical global tenant through a leaseback arrangement.
Key Highlights
- 61,819 SF executive office building completed in 2015 and updated in 2020
- 9.6+ acres of professionally landscaped grounds
- High‑capacity diesel backup generator capable of sustaining full functionality off the grid for nearly a year
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.34M | $21.60 |
| − Vacancy | −$213.6k | −$3.46 |
| EGI | $1.12M | $18.14 |
| − OpEx | −$280.4k | −$4.54 |
| NOI | $841.2k | $13.61 |
61,819 SF · lease $21.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$12.02M
$10.52M – $14.02M
NOI $841,233 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.31M
$14.27M – $19.03M
NOI $1,141,673 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Completed in 2015 and updated in 2020, the building includes a high-capacity diesel backup generator.
Where is this office building located?
The property is located at 1050 Satcom Lane Melbourne, FL.
What is the asking price?
The asking price for this property is $17,900,000.
What are key features of this property?
This property features: 61,819 SF executive office building completed in 2015 and updated in 2020; 9.6+ acres of professionally landscaped grounds; High‑capacity diesel backup generator capable of sustaining full functionality off the grid for nearly a year
