665 S Apollo Boulevard, Melbourne, FL 32901
$1,450,000
Property Type:
Residential Income
Square Footage:
9,028
Lot Size (sq. ft.):
43,124
Status:
Closed
Current Price:
$1,450,000
List Date:
7/24/2019
Last Modified:
10/23/2024
Description
Sale of Medical Office Building. Net lease with Tenant paying all expenses including Utilities, Real Estate Taxes and Maintenance. Base rent is $14.95 per square foot with annual CPI increases. Excellent investment area located between Holmes Regional Medical Center and the major employers at the Melbourne Airport. Do not disturb tenant.
More Information MLS# 851389
Location, Tax, and Legal
Tax Account: 2729547
Parcel Number: 27-37-34-00-00264.0-0000.00
General County Location: South
Elementary School: Harbor City
Middle School: Hoover
High School: Melbourne
Tax Annual Amount: 30595.4
Tax Year: 2018
Tax Legal Description: PART OF NW 1/4 OF NW 1/4 W OF RR R/W AS DES IN ORB 1347 PG 513 EX ORB 1730 PG 522
Directions: From NASA Boulevard and Apollo, north on Apollo, building on the east side.
General Property Information
Number Of Buildings: 1
Number Of Units Total: 1
Living Area: 9028
Living Area Source: Public Records
Building Area Total: 9028
Lot Size Acres: 0.99
Lot Size Square Feet: 43124
Association YN: No
Garage YN: No
Garage Spaces: 0
Carport YN: No
Carport Spaces: 0
Waterfront YN: No
Water Body Access YN: No
Pool Private YN: No
List Price/SqFt: 166.15
Sold Price/SqFt: 160.61
Year Built: 1994
Remarks and Miscellaneous
Public Remarks: Sale of Medical Office Building. Net lease with Tenant paying all expenses including Utilities, Real Estate Taxes and Maintenance. Base rent is $14.95 per square foot with annual CPI increases. Excellent investment area located between Holmes Regional Medical Center and the major employers at the Melbourne Airport. Do not disturb tenant.
Appliances
Other: 1
Association Amenities
Management - Off Site: 1
Closing Company Details
Closing Company Name: Alliance Title
Closing Company Address: 10 S Harbor City Boulevard Melbourne, Fl
Construction Materials
Block: 1
Brick: 1
Concrete: 1
Cooling
Central Air: 1
Electric: 1
Flooring
Carpet: 1
Tile: 1
Vinyl: 1
Levels
One: 1
Listing Terms
Conventional: 1
Pool Features
None: 1
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Financial Data Source
Owner: 1
Income and Expenses
Gross Income: 0
Gross Scheduled Income: 135420
Net Operating Income: 135420
Operating Expense: 0
Owner Pays
Common Area Maintenance: 1
Other: 1
Road Surface Type
Paved: 1
Roof
Shingle: 1
Special Listing Conditions
Standard: 1
Utilities
Sewer Connected: 1
Water Available: 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Historical Information
Public Historical Remarks 3: Contact: List Agent, Site Location-Near Railroad: Y, Site Location-Major Roadway: Y
Contract Information
Current Price: $1,450,000
Original List Price: 1500000
Sold Price: $1,450,000
Status: Closed
Listing Contract Date: 2019-07-22
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 665
Street Direction Prefix: S
Street Name: Apollo
Street Suffix: Boulevard
County: Brevard
State: FL
Postal Code: 32901
MLS Area Major: 330 - Melbourne - Central
Status Change Information
Major Change Timestamp: 2019-12-20T14:59:00Z
Major Change Type: Status Change
Status Change Timestamp: 2019-12-20
Purchase Contract Date: 2019-10-22
Close Date: 2019-12-19
Close Price: 1450000
Property Features
Appliances: Other
Association Amenities: Management - Off Site
Construction Materials: Block; Brick; Concrete
Cooling: Central Air; Electric
Financial Data Source: Owner
Flooring: Carpet; Tile; Vinyl
Levels: One
Listing Terms: Conventional
Owner Pays: Common Area Maintenance; Other
Pool Features: None
Possession: Close Of Escrow; Subject To Tenant Rights
Road Surface Type: Paved
Roof: Shingle
Special Listing Conditions: Standard
Utilities: Sewer Connected; Water Available
Water Source: Public
Showing Requirements: Appointment Only
Listing Office:
One Sotheby's International
Last Updated: October - 23 - 2024
Information is deemed to be reliable, but is not guaranteed.