Dale Sorensen Real Estate, Inc
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listing
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Residential IncomePending
$2,987,000
2575 Doreatha Fields Avenue
Palm Bay, FL 32905
Listed by: The Ullian Realty Corporation, (321) 750-3439
MLS: Brevard MLS (BMLS)
Est. Mortgage
$15,518/mo

Excellent opportunity to purchase a single-tenant income producing industrial property in the heart of Palm Bay!! Republic Services has a 10-Year Agreement with City of Palm Bay Commencing 6/1/20. Long Term NNN Lease with Escalators Every 2-Years. Estimated 2022 NOI is $179,220 which is approximately a 6% CAP. There are two buildings for a total of 11,734 SF. Exterior is approximately 3.41 acres of paved/fenced/cleared yard. New roofs on both buildings in 2020 (Techgum Deck Fastened to Trusses). Flexible City of Palm Bay Light Industrial Zoning allows Warehousing, Light Manufacturing, Outdoor Storage & More! Close proximity to US1, Palm Bay Road & Interstate 95. The Melbourne International Airport is approximately 15-minutes away.

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