Leased Distribution
320 KNOX MCRAE DR, Titusville, FL 32780
For Sale
Contact for pricing
The industrial property has a corporate-guaranteed lease with an AA-rated global technology company.
Property Size49,979 SF
Lot Size2.86 Acres
Price / SF$200.08
Days on Market39
Property Features for 320 KNOX MCRAE DR
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Tenant in Place
Property Use
Building Details
Building Size
Listing Agency:
Northmarq Capital, LLC
Listed By:
Anne Perrault
Source:
Crexi
Added: Oct 5
Changed: Nov 8
Last Checked: Nov 12 at 7:05AM
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 Northmarq Capital, LLC
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Investment Insights
Based on property information with market context.
The 49,979-square-foot industrial facility sits on 2.86 acres at 320 Knox McRae Drive in Titusville, Florida. The property is leased to an AA-rated, Fortune 5 global technology company, with a corporate guaranty covering base rent. The offering comprises the fee simple lease interest in the property.
Key Highlights
- 49,979‑square‑foot industrial facility
- Situated on 2.86 acres
- Leased to an AA‑rated, Fortune 5 global technology company
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$344,360
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,887,200
$6.9M
Cap Rate 7%
$4,919,429
$4.9M
Cap Rate 9%
$3,826,222
$3.8M
Market Conditions
NOI Build-Up for 49,979 SF
Gross rent
$419.8K $8.40/SF
− Vacancy
−$14.7K −$0.29/SF
EGI
$405.1K $8.11/SF
− OpEx
−$60.8K −$1.22/SF
NOI
$344.4K $6.89/SF
Area
Brevard County, FL
Vacancy
3.50%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,887,200
Cap Rate 7%
$4,919,429
Cap Rate 9%
$3,826,222
Alternative Uses
Best Use
Warehouse
$4.92M
$4.30M – $5.74M
NOI $344,360 @ 7.0% cap · market cap 3.44%
Second Best
Industrial
$4.36M
$3.82M – $5.09M
NOI $305,422 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$14.57M
$12.75M – $17.00M
NOI $1,020,171 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
Explore this area
Business Placement
Demographics for 32780, FL
39,525
Population
19,984
Households
2
Avg Household Size
48
Median Age
27%
College-Educated
92%
High-School Grad
68.1 sq mi
ZIP Area
580
Density / Sq Mi
$64,670
Median Household Income
$39,882
Median Earnings
$1,258
Median Rent
$250,800
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Distribution center - The industrial property has a corporate-guaranteed lease with an AA-rated global technology company.
Where is this distribution center located?
The property is located at 320 KNOX MCRAE DR Titusville, FL.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: 49,979‑square‑foot industrial facility; Situated on 2.86 acres; Leased to an AA‑rated, Fortune 5 global technology company
