605 John Rodes Blvd Melbourne, FL 32934

This exceptional investment opportunity presents a 30,780-square-foot, single-tenant industrial property situated on approximately 17.51 acres of land in Melbourne, Florida. The property, built in 1970 and boasting a Class B rating, is currently 100% occupied under a net lease with a five-year term. The building features approximately 9,060 square feet of office space and 21,720 square feet of production/integration space, all under one roof. The building has a ceiling height of up to 18 feet, is fully air-conditioned (Symphony EMS System), and equipped with a fire sprinkler system. Utilities include city water and sewer, fiber optic capabilities, three-phase power (266/480V, 600 amps). The property is zoned for City of Melbourne Light Industrial (M1) and is strategically located between Ellis Road and Eau Gallie Boulevard, offering convenient access to Wickham Road, US1, and three Interstate 95 interchanges. Its proximity to Melbourne International Airport, L3Harris, Northrop Grumman, and other major employers adds to its appeal. The current tenant, Data Flow Systems, LLC (acquired by SmartCover Systems in 2023), specializes in remote monitoring and control systems for utilities. The property offers a strong net operating income (NOI) of $225,000, representing a compelling cap rate. The asking price is $4,995,000. The property's location and tenant history make it an attractive investment for discerning buyers seeking a stable, high-performing asset in a thriving industrial market. The city is exploring a connection to Digital Light Drive from the property's northern boundary.