For Sale
$1,399,000

6055 Technology DrWest Melbourne, FL 32904

High-Yield Warehouse, National Tenant

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 6,520-square-foot freestanding warehouse ideally situated in Melbourne's thriving business and industrial park. Currently leased to a national tenant, this single-story, 1998-built concrete block structure boasts an estimated 2024 Net Operating Income (NOI) of $69,950, representing a 5% capitalization rate. The lease, expiring November 30, 2026, includes a five-year renewal option and a 4% annual rent escalator, ensuring consistent income growth. The warehouse features approximately 5,700 square feet of warehouse space with clear heights ranging from 11'6" to 14', complemented by approximately 820 square feet of climate-controlled office space. Four 12' x 12' grade-level doors provide convenient access, while utilities include city water/sewer and 120/240v 200A 1-Phase FPL electric. The property sits on a substantial 33,105.6-square-foot lot and benefits from its proximity to Interstate 95 and Melbourne International Airport, as well as major employers such as L3Harris, Northrop Grumman, Amazon, and GE. This is a rare chance to acquire a stable, high-performing industrial asset in a prime location. The asking price is $1,399,000.

Highlights

  • $1,399,000 asking price for this industrial warehouse property.
  • 6,520 SF single-tenant warehouse in Melbourne, FL, located in a prime business and industrial park.
  • Strong tenant occupancy with a national tenant; estimated 2024 NOI of $69,950 (5% cap rate).
  • Lease expires 11/30/2026 with a 5-year renewal option and 4% annual rent escalator.
  • Features include 820 SF of climate-controlled office space, 5,700 SF warehouse with 11'6" - 14' clear height, four 12' x 12' grade-level doors, and city water/sewer.

Property Details for 6055 Technology Dr

Property type
Warehouses, Industrial properties
Year Built
1998
Stories
1
Units
1

Location Insight

City
West Melbourne
County
Brevard
State
Florida
Latitude
28.0978021
Longitude
-80.6803388
6055 Technology Dr, West Melbourne, Florida

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6055 Technology Dr
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