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:
11/02/2024
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.
More Information MLS# 915898
Location, Tax, and Legal
Tax Account: 2703786
Parcel Number: 27-36-25-00-00009.0-0000.00
General County Location: South
Tax Annual Amount: 35057.7
Tax Year: 2020
Tax Legal Description: E 290 FT OF THAT PART OF NE 1/4 OF NE 1/4 AS DES IN ORB 2219 PG 375
Directions: Located on Wickham Rd about 1 mile north of Ellis Rd.
General Property Information
Number Of Units Total: 16
Building Area Total: 23520
Lot Size Acres: 2.76
Association YN: No
Property Use: C-WAREHOUSE - FLEX SPACE (4830)
Water Body Access YN: No
Use Code: 48 / WAREHOUSING, DISTRIBUTION TERMINALS
List Price/SqFt: 318.88
Sold Price/SqFt: 297.62
Year Built: 1984
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.
Cooling
Central Air: 1
Electric: 1
Current Use
Commercial: 1
Flooring
Carpet: 1
Laminate: 1
Tile: 1
Vinyl: 1
Heating
Central: 1
Electric: 1
Listing Terms
Lease Option: 1
Possession
Close Of Escrow: 1
Income and Expenses
Gross Scheduled Income: 646692
Insurance Expense: 21319
Net Operating Income: 484165
New Taxes Expense: 66348
Other Expense: 10000
Supplies Expense: 0
Roof
Metal: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Showing Requirements
24 Hour Notice: 1
Call Listing Agent: 1
Building Features
Clear Ceiling Height: 23520
Existing Lease Type
Gross: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 3: Expenses-Maint & Repair: 16555, Utilities-3-Phase Electric: Y, Maint & Repair: 16555
Contract Information
Current Price: $7,000,000
Original List Price: 7500000
Sold Price: $7,000,000
Status: Closed
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
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
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
Listing Office:
RE/MAX Aerospace Realty
Last Updated: November - 02 - 2024
Information is deemed to be reliable, but is not guaranteed.