Property summary
This exceptional Class A industrial property, located at 6055 Technology Dr, West Melbourne, FL 32904, presents a compelling investment opportunity. The 6,520 square foot building, constructed in 1998, sits on a 0.76-acre lot and boasts a 100% occupancy rate with a single tenant under a modified lease expiring November 30, 2026, with a five-year renewal option. The property features approximately 820 square feet of HVAC office space and 5,700 square feet of warehouse space, with a clear height ranging from 11'6" to 14'. Four 12' x 12' grade-level doors provide convenient access. Ample parking is available with 20 concrete paved and lighted spaces. The property benefits from city water and sewer, and 120/240v 200A 1-phase FPL electric service. Zoned M-1 (City of West Melbourne Light Industrial), the property allows for warehousing, light manufacturing, and outdoor storage. The estimated 2024 Net Operating Income (NOI) is $69,950, representing a 5% capitalization rate. The asking price is $1,399,000 ($214.57 per square foot). The property is strategically located in Brevard County's Melbourne business and industrial park, near Interstate 95 and Melbourne International Airport, with proximity to major employers such as L3Harris, Northrop Grumman, Amazon, and GE. Seller may consider financing subject to contract terms and buyer credit. Lease and tenant information will be provided to qualified buyers under a non-disclosure agreement. Do not disturb the occupant.
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Tax year 2023Property description
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M1 · West Melbourne, FLZoning
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