104 3rd St Cocoa, FL 32922-7287

Property Details for 104 3rd St

Year built

1979

Construction

FRAME

Lot size

0.28 lot acres

Property size

6,000 SF

Zone code

CW

Property type

Truck terminals

APN

24-36-33-01-00000.0-0038.00

APU

9223372036854775807

Description

This single-tenant, 6,000-square-foot industrial warehouse in Cocoa, Florida, presents a compelling investment opportunity. Currently 100% occupied with a lease expiring February 28, 2026, the property boasts a strong 8.83% cap rate and a $55,520 net operating income (NOI). The asking price is $629,000, translating to $104.83 per square foot. The building features approximately 60' x 100' dimensions, estimated 14' - 16' clear ceiling height, and two 12' wide x 14' tall grade-level doors. Utilities include city water/sewer and 3-phase 400-amp electrical service. The property is zoned City of Cocoa Wholesale Commercial (C-W), allowing for diverse uses including warehousing, storage, automotive, and manufacturing. A 5% annual rent escalator is in place, and the lease includes one 3-year renewal option with a landlord termination option. The 0.28-acre lot is conveniently located in Brevard County, offering easy access to major transportation arteries like Interstate 95 and US1, as well as proximity to Port Canaveral, Cocoa Beach, Kennedy Space Center, and Orlando International Airport. The property is privately owned and seller financing may be considered. The building is currently occupied