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

Overview

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.

Listing Details MLS# 851389

General Property Information

Number Of Buildings: Yes
Number Of Units Total: Yes
Living Area: 9028
Living Area Source: Public Records
Building Area Total: 9028
Year Built: 1994
Garage YN: No
Carport YN: No
Lot Size Acres: 0.99
Lot Size Square Feet: 43124
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Pool Private YN: No
List Price/SqFt: 166.15
Sold Price/SqFt: 160.61

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

Contract Information

Original List Price: 1500000
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

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.

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

More Information

Closing Company Details

Closing Company Name: Alliance Title
Closing Company Address: 10 S Harbor City Boulevard Melbourne, Fl

Income and Expenses

Gross Scheduled Income: 135420
Net Operating Income: 135420

Historical Information

Public Historical Remarks 3: Contact: List Agent, Site Location-Near Railroad: Y, Site Location-Major Roadway: Y

Listing Office: One Sotheby's International

Last Updated: October - 23 - 2024

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