202 West Drive, Melbourne, FL 32904

$2,385,000

Property Type: Commercial Sale Square Footage: 12,000 Lot Size (sq. ft.): 81,022 Status: Closed

Current Price: $2,385,000 List Date: 8/13/2022 Last Modified: 6/10/2026

Overview

Description

100% occupied single tenant manufacturing building. 6 year NNN lease expires 10/31/2027 $183,600 NOI for 2022-2023 lease year 2% annual base rent increases Concrete block construction New Duro Last membrane roof installed in 2017 with 20 year warranty 52 parking spaces Electrical 1600 Amp - 3 phase - 120/208 v 100% air conditioned Building recently painted City water & sewer

Listing Details MLS# 937291

General Property Information

Number Of Units Total: Yes
Building Area Total: 12000
Building Area Source: Other
Year Built: 1986
Lot Size Acres: 1.86
Property Use: C-LIGHT MANUFACTURING (SMALL EQUIPMENT MFG PLANT, SMALL MACHINE SHOP, INSTRUMENT (4100)
Use Code: 41 / LIGHT MANUFACTURING
Association YN: No
Water Body Access YN: No
Waterfront YN: No
List Price/SqFt: 208.33
Sold Price/SqFt: 198.75

Property Features

Construction Materials: Concrete Cooling: Central Building Existing Lease Type: NNN Flooring: Other Heating: Central Listing Terms: Cash; Lease Option Location: Industrial Park Possession: Subject To Tenant Rights Sale Includes: Building & Land Security Features: Smoke Detector(s) Sewer: Public Sewer Showing Requirements: 24 Hour Notice; Call Listing Agent Water Source: Public

Contract Information

Original List Price: 2500000
Listing Contract Date: 2022-06-01
Property Sub Type: Industrial

Location Tax and Legal

Street Number: 202
Street Name: West
Street Suffix: Drive
County: Brevard
State: FL
Postal Code: 32904
MLS Area Major: 331 - West Melbourne
Subdivision Name: Industrial Plaza Unit 1

Remarks and Miscellaneous

Public Remarks: 100% occupied single tenant manufacturing building. 6 year NNN lease expires 10/31/2027 $183,600 NOI for 2022-2023 lease year 2% annual base rent increases Concrete block construction New Duro Last membrane roof installed in 2017 with 20 year warranty 52 parking spaces Electrical 1600 Amp - 3 phase - 120/208 v 100% air conditioned Building recently painted City water & sewer

Status Change Information

Major Change Timestamp: 2022-10-28T16:02:22Z
Major Change Type: Status Change
Status Change Timestamp: 2022-10-28
Purchase Contract Date: 2022-08-23
Close Date: 2022-10-28
Close Price: 2385000

More Information

Building Features

Clear Ceiling Height: 12000

Income and Expenses

Net Operating Income: 183600

Historical Information

Public Historical Remarks 3: Utilities-3-Phase Electric: Y, Legal/Misc-Home Warranty: No

Location, Tax, and Legal

Tax Account: 2704322
Parcel Number: 27-36-26-75-00000.0-000a.07
General County Location: South
Tax Annual Amount: 12602.5
Tax Year: 2021
Tax Legal Description: INDUSTRIAL PLAZA UNIT 1 PT OF TRACT A AS DESC IN ORB 2401 PG 2857, 2470 PG 2506 PAR A.11
Directions: Located off of Ellis Road in the industrial park between the Melbourne International Airport and I-95. An exit was recently added to I-95 at Ellis Road for direct access to the airport

Construction Materials

Concrete: Yes

Cooling

Central Building: Yes

Flooring

Other: Yes

Heating

Central: Yes

Listing Terms

Cash: Yes
Lease Option: Yes

Possession

Subject To Tenant Rights: Yes

Security Features

Smoke Detector(s): Yes

Sewer

Public Sewer: Yes

Water Source

Public: Yes

Showing Requirements

24 Hour Notice: Yes
Call Listing Agent: Yes

Existing Lease Type

NNN: Yes

Location

Industrial Park: Yes

Sale Includes

Building & Land: Yes

Listing Office: The Ullian Realty Corporation

Last Updated: June - 10 - 2026

Information is deemed to be reliable, but is not guaranteed.