2720 Kirby CirPalm Bay, FL 32905

Property Details for 2720 Kirby Cir

Lot size

1.78 AC

Property type

Land

Property subtype

Other industrial land

APN

28-37-23-02-00000.0-0002.00

APU

9223372036854775807

Description

This exceptional investment opportunity presents a fully occupied, 17,482-square-foot multi-tenant warehouse complex in Palm Bay, Florida. Built in 2023, the property boasts three single-story buildings, each featuring multiple units with roll-up doors and 3-phase electrical outlets. Eleven individual units are currently leased at 100% occupancy, generating a strong 7.00% capitalization rate. The asking price is $2,900,000, translating to $165.88 per square foot. Situated on a 77,536.8-square-foot lot, the property includes 16 parking spaces for tenant and visitor convenience. The property is zoned for light industrial use, making it ideal for a variety of businesses, including manufacturing and distribution. Unit sizes vary, catering to diverse business needs. Select units offer added amenities such as office spaces and bathrooms, with ongoing bathroom installations in other units. This prime location in Palm Bay, Florida (zip code 32905) offers excellent access to transportation and logistical networks, ensuring operational efficiency. The net lease structure provides a stable and predictable income stream. This is a turnkey investment opportunity with immediate cash flow and significant potential for future growth. The property's new construction and high occupancy rate make it a highly desirable asset in a thriving market. This is a rare chance to acquire a well-maintained, high-performing industrial property with a proven track record.

• Alternative Use

  Use

  Valuation

  Residential

  $24,392,080

  Hospitality

  $22,343,014

  Educational

  $18,589,126

  Medical

  $19,228,434

  Retail

  $28,916,416

Location Insight

City

Palm Bay

County

Brevard

State

Florida

Latitude

28.0404

Longitude

-80.5907

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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