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NNN Office Unit
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Pending

1705 Berglund Ln, Melbourne, FL 32940

Single-tenant commercial unit with a NNN lease and condominium association managing common expenses.

Property Size12,303 SF
Days on Market142

Property Features for 1705 Berglund Ln

General Information

Standard status Pending
Size 12,303 SF
Class Class A+
Property subtype Office
Net Operating Income $124,749

Building Details

Tenancy Single
Listing Agency: National Realty of Brevard Inc Suntree
Listed By: Donna Ellis · License #CQ1033191
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 6:18PM

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 National Realty of Brevard Inc Suntree

Investment Insights

Based on property information with market context.

The offering comprises a 12,303-square-foot office unit occupied by Essentials Spa, which has been in place since 2008. The property is leased under an NNN structure with a five-year lease term, while a condominium association oversees shared building expenses that are processed through CAM.

The unit is within a larger building that also includes Bassin Center and a dermatology office. Its position is identified at the corner of Viera Boulevard and Murrell Boulevard in Melbourne, Florida.

Key Highlights

  • 12,303‑square‑foot office unit
  • Essentials Spa has occupied the unit since 2008
  • NNN lease structure with a five‑year lease

Property Analytics

Current Use

Bassin Center For Plastic ... Physician Dr. Roger Bassin, ... Physician Robert Weltman, MD Physician Jennifer Rivera, APRN Physician

Suggested Use

Top Pick Restaurant Building Supply Big Box & Wholesale Store Real Estate Agency Hair Salon Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

351
Businesses Nearby

Demographics for 32940, FL

44,869
Population
21,433
Households
2.1
Avg Household Size
51
Median Age
52%
College-Educated
97%
High-School Grad
57.3 sq mi
ZIP Area
783
Density / Sq Mi
$106,511
Median Household Income
$56,072
Median Earnings
$1,904
Median Rent
$444,100
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Single-tenant commercial unit with a NNN lease and condominium association managing common expenses.
Where is this nnn property located?
The property is located at 1705 Berglund Ln Melbourne, FL.
What are key features of this property?
This property features: 12,303‑square‑foot office unit; Essentials Spa has occupied the unit since 2008; NNN lease structure with a five‑year lease
More about this property
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