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Melbourne Professional Complex
1600 Sarno Road.
Melbourne, FL
65,995 Sq. Ft.
Property Facts
| Building Area: | 65,995 Sq. Ft. |
| Parcel Size: | 5.33 Acres |
| Number of Units: | 50 plus units in Building of various sizes. |
| Unit Range: | 87– 3,135 Sq. Ft. |
| Year Built: | 1985 |
| Construction: | CBS |
| Zoning: | CIA– Professional, Offices and services District. |
| Building Height: | Single Story |
Property at Purchase
| Purchase Price: | $6,850,000.00 |
| Purchase Price PSF: | $103.97 |
| Occupancy at Purchase: | 90% |
| Average Rent PSF At Purchase: | $11.00 PSF |
After Renovation and Transformation
| Cash Out Via Insurance and Discounted Mortgage Payoff: | $3,000,000.00 |
| Current Replacement Cost Value: | $250.00 PSF |
| Occupancy After One Years of Ownership: | 100.00% |
| Average Rent PSF After Renovation: | $14.50 PSF |
| Renovation Capital Expenditures: | $15.00 PSF |
