262 N Wickham Road, Melbourne, FL 32935

$7,000,000

Property Type: Commercial Sale Square Footage: 23,520 Lot Size (sq. ft.): 120,226 Status: Closed

Current Price: $7,000,000 List Date: 9/15/2021 Last Modified: 6/27/2026

Overview

Description

This sale is for all 3 buildings. 260-278 N Wickham as well as 280-296 N Wickham. Offered at a 6.5 CAP rate. 93% rented with quality tenants. Email/call for financials if interested.

Listing Details MLS# 915898

General Property Information

Number Of Units Total: 16
Building Area Total: 23520
Year Built: 1984
Lot Size Acres: 2.76
Property Use: C-WAREHOUSE - FLEX SPACE (4830)
Use Code: 48 / WAREHOUSING, DISTRIBUTION TERMINALS
Association YN: No
Water Body Access YN: No
List Price/SqFt: 318.88
Sold Price/SqFt: 297.62

Property Features

Cooling: Central Air; Electric Current Use: Commercial Existing Lease Type: Gross Flooring: Carpet; Laminate; Tile; Vinyl Heating: Central; Electric Listing Terms: Lease Option Possession: Close Of Escrow Roof: Metal Sale Includes: Building & Land Sewer: Public Sewer Showing Requirements: 24 Hour Notice; Call Listing Agent Water Source: Public

Contract Information

Original List Price: 7500000
Listing Contract Date: 2021-09-10
Property Sub Type: Business

Location Tax and Legal

Street Number: 262
Street Direction Prefix: N
Street Name: Wickham
Street Suffix: Road
County: Brevard
State: FL
Postal Code: 32935
MLS Area Major: 330 - Melbourne - Central
Subdivision Name: None

Remarks and Miscellaneous

Public Remarks: This sale is for all 3 buildings. 260-278 N Wickham as well as 280-296 N Wickham. Offered at a 6.5 CAP rate. 93% rented with quality tenants. Email/call for financials if interested.

Status Change Information

Major Change Timestamp: 2021-11-17T16:31:46Z
Major Change Type: Status Change
Status Change Timestamp: 2021-11-17
Purchase Contract Date: 2021-09-17
Close Date: 2021-11-16
Close Price: 7000000

More Information

Building Features

Clear Ceiling Height: 23520

Income and Expenses

Gross Scheduled Income: 646692
Insurance Expense: 21319
Net Operating Income: 484165
New Taxes Expense: 66348
Other Expense: 10000

Historical Information

Public Historical Remarks 3: Expenses-Maint & Repair: 16555, Utilities-3-Phase Electric: Y, Maint & Repair: 16555

Listing Office: RE/MAX Aerospace Realty

Last Updated: June - 27 - 2026

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