1101 W Hibiscus Boulevard 0, West Melbourne, FL 32904
$2,800,000
Property Type:
Commercial Sale
Square Footage:
32,135
Lot Size (sq. ft.):
101,930
Status:
Closed
Current Price:
$2,800,000
List Date:
5/03/2021
Last Modified:
11/02/2024
Description
This well maintained, professional, multi-tenant office building is up for sale. Featuring all new roofs installed between 2017-2020, almost all new AC's (most suites are separately metered) and a 97% economic occupancy rate for sale at a 6.5 CAP rate! Stable tenants, most of which have been at the building for 3+ years and some 10+! Newley paved parking lot and beautiful landscaping make this a highly desirable building for tenants as well as owners! This building is also in a business HUBzone!
More Information MLS# 903903
Location, Tax, and Legal
Unit Number: 0
Tax Account: 2819546
Parcel Number: 28-37-05-00-00001.1-0000.00
General County Location: South
Tax Annual Amount: 33933.6
Tax Year: 2020
Tax Legal Description: LOT 32 OF PB 1 PG 164 LYING N OF M-1 CANAL & W OF DAIRY ROAD EX ORB 2099 PG 2201
Directions: Corner of Hibiscus and Dairy Rd in Melbourne
General Property Information
Number Of Units Total: 39
Stories Total: 2
Building Area Total: 32135
Lot Size Acres: 2.34
Association YN: No
Property Use: C-PROFESSIONAL/OFFICE COMPLEX (1940)
Water Body Access YN: No
Use Code: 19 / PROFESSIONAL BUILDING
List Price/SqFt: 99.58
Sold Price/SqFt: 87.13
Year Built: 1978
Remarks and Miscellaneous
Public Remarks: This well maintained, professional, multi-tenant office building is up for sale. Featuring all new roofs installed between 2017-2020, almost all new AC's (most suites are separately metered) and a 97% economic occupancy rate for sale at a 6.5 CAP rate! Stable tenants, most of which have been at the building for 3+ years and some 10+! Newley paved parking lot and beautiful landscaping make this a highly desirable building for tenants as well as owners! This building is also in a business HUBzone!
Construction Materials
Concrete: 1
Cooling
Electric: 1
Electric
100 Amp Service: 1
Flooring
Carpet: 1
Laminate: 1
Vinyl: 1
Heating
Electric: 1
Listing Terms
Lease Option: 1
Possession
Close Of Escrow: 1
Roof
Concrete: 1
Security Features
Smoke Detector(s): 1
Utilities
Cable Available: 1
Other: 1
Water Source
Public: 1
Showing Requirements
Call Listing Agent: 1
Building Features
Clear Ceiling Height: 32515
Elevator: 1
Medical: 1
Office: 1
Public Restroom: 1
Existing Lease Type
Gross: 1
Location
City: 1
Sale Includes
Building & Land: 1
Contract Information
Current Price: $2,800,000
Original List Price: 3400000
Sold Price: $2,800,000
Status: Closed
Listing Contract Date: 2021-05-03
Property Sub Type: Office
Location Tax and Legal
Street Number: 1101
Street Direction Prefix: W
Street Name: Hibiscus
Street Suffix: Boulevard
County: Brevard
State: FL
Postal Code: 32904
MLS Area Major: 330 - Melbourne - Central
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2023-11-11T09:36:51Z
Major Change Type: Price Reduced
Price Change Timestamp: 2021-06-11T18:18:27Z
Status Change Timestamp: 2021-10-04
Purchase Contract Date: 2021-07-30
Close Date: 2021-10-01
Close Price: 2800000
Property Features
Building Features: Elevator; Medical; Office; Public Restroom
Construction Materials: Concrete
Electric: 100 Amp Service
Existing Lease Type: Gross
Flooring: Carpet; Laminate; Vinyl
Heating: Electric
Listing Terms: Lease Option
Possession: Close Of Escrow
Roof: Concrete
Sale Includes: Building & Land
Security Features: Smoke Detector(s)
Showing Requirements: Call Listing Agent
Utilities: Cable Available; Other
Water Source: Public
Listing Office:
RE/MAX Aerospace Realty
Last Updated: November - 02 - 2024
Information is deemed to be reliable, but is not guaranteed.