7275 Waelti Dr Melbourne, FL 32940
- Warehouses
- 11,816 SF
- 1.14 lot acres
Current Use by Public Records
- First Contact Inc / Software Company
- Pleasure Sports / Sporting Goods Store / Store
- The Grout BOSS / Contractor
- 321 FIT House / Gym
- J.Miller Roofing Company / Roofing Contractor / Service Establishment
Property Details for 7275 Waelti Dr
- Lot size
- 1.14 lot acres
- Property size
- 11,816 SF
- Property type
- Warehouses
- Property subtype
- Life science properties
Description
This exceptional 11,816 square foot industrial complex, located at 7275 Waelti Dr, Melbourne, FL 32940, presents a compelling investment opportunity. The property consists of three buildings, each single-story, totaling twelve units and situated on a 1.14-acre lot. Currently operating as a multi-tenant property with a modified lease structure, it boasts a strong net operating income (NOI) of $173,857, yielding a 7.29% cap rate at an asking price of $2,385,000. Each unit is priced at $198,750. The complex features 17 parking spaces and a 12-foot ceiling height, catering to diverse industrial and commercial needs. Built in 1998, the Class B property is well-maintained, offering modern amenities and a durable infrastructure. Zoned BU2, it allows for flexible business usage within Brevard County's thriving Melbourne area. The property benefits from its strategic location, providing easy access to major transportation routes and ample parking for tenants. Rent bumps are included in the lease agreements. This is an ideal investment for those seeking a high-potential asset in a dynamic market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.6803
- Latitude
- 28.2356
