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665 S Apollo Blvd

9,028 SF Office Building Melbourne, FL 32901 $2,699,372 ($299/SF) 6.69% Cap Rate

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Investment Highlights

NNN Long term tenant

Over 40 parking spaces

Executive Summary

GREAT INVESTMENT OPPORTUNITY. STANDALONE BUILDING IN BREVARD COUNTY. 9,028 SQFT. LEASED TO STABLE LONG-TERM TENANT. The property is a standalone building, constructed in 1994 and renovated in 2022. It offers 9,028 square feet of usable space and sits on nearly an acre of land (43,124 square feet), with more than 40 parking spaces available. Currently, it is leased to a long-term medical tenant specializing in vision care. Tenant has occupied the building since 2019 and has renewed for another 5 years until December 28th, 2028, with option to renew for another 5 years until December 2033.

OM 665 S APOLLO BLVD MELBOURNE FL, 32901

Property Facts

Sale Type

Investment NNN

Sale Condition

1031 Exchange

Property Type

Office

Property Subtype

Medical

Building Size

9,028 SF

Building Class

Year Built

1994

Price

$2,699,372

Price Per SF

$299

Cap Rate

6.69%

NOI

$180,560

Tenancy

Single

Building Height

1 Story

Typical Floor Size

9,028 SF

Building FAR

0.21

Lot Size

0.99 AC

Opportunity Zone

Yes

Zoning

CCP

Parking

44 Spaces (4.33 Spaces per 1,000 SF Leased)

Health Care and Social Assistance
99,999 SF
$9.99
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Brevard Eye Center has been serving the Space Coast as Brevard Eye Center for over the past 30 years and is considered the Space Coast’s leading eye care provider. Ophthalmologists Rafael Trespalacios see patients at the Brevard Eye Center, Melbourne office, Monday, Thursday, and Fridays. Each doctor is Board Certified, and specializes in providing a wide-range of eye care services and eye surgery including cataract surgery and LASIK. Board Certified Optometrist, Howard Bolos, specializes in contact lens fitting and glasses. Our reputation for professionalism and excellence in service through techniques and technology has placed us at the top of the eye care spectrum. Brevard Eye Center offers state-of-the-art LASIK , cataract surgery technology to ensure our patients receive the safest and advanced treatment options available.