Executive Office Building with Backup
For Sale
$17,900,000
Pending
1050 Satcom Ln, Melbourne, FL
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 Market637
Property Features for 1050 Satcom Ln
General Information
Standard status
Pending
Size
61,819 SF
Class
A
Lot size
9.60 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$58,162
Amenities
executive conference rooms
high-level security rooms
gym
locker rooms
gourmet chef kitchens
lounge
café
grand lobby reception
outdoor dining space
Building Details
Year Built
2015
Year Renovated
2020
Tenancy
Single
Listing Agency:
One Sotheby's International
(321) 984-3135
Listed By:
James Edmunds · License #3414010
(321) 349-5068
Source:
Exprealty
Added: Jan 30, 2025
Changed: Oct 25
Last Checked: Oct 28 at 1:58PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$841,233
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,824,660
$16.8M
Cap Rate 7%
$12,017,614
$12.0M
Cap Rate 9%
$9,347,033
$9.3M
Market Conditions
NOI Build-Up for 61,819 SF
Gross rent
$1.34M $21.60/SF
− Vacancy
−$213.6K −$3.46/SF
EGI
$1.12M $18.14/SF
− OpEx
−$280.4K −$4.54/SF
NOI
$841.2K $13.61/SF
Area
Brevard County, FL
Vacancy
16.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,824,660
Cap Rate 7%
$12,017,614
Cap Rate 9%
$9,347,033
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 authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
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Business Placement
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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 Ln 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
