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Main Street Corporate Center
1700-1720 Main Street NE
Palm Bay, FL
129,988 Sq. Ft.
Property Facts
| Complex Area: | 129,988 Sq. Ft. |
| Configuration: | Building 1799: 4,200 Sq. Ft. Building 1710: 93,788 Sq. Ft. Building 1720: 32,000 Sq. Ft. |
| Unit Range: | 1,450-93,788 Sq. Ft. |
| Parcel Size: | 7.57 Acres 3 Acres of Undeveloped Land |
| Zoning: | M1– Light Industrial Manufacturing, Warehousing, Office Uses |
| Construction: | Building 1700 Tilt Concrete Building 1710 Tilt Concrete Building 1720 Metal |
Property at Purchase
| Purchase Price: | $3,450,000.00 |
| Purchase Price PSF: | $26.54 |
| Occupancy at Purchase: | 20% |
| Average Rent PSF At Purchase: | $4.50 PSF |
After Renovation and Transformation
| Current Replacement Cost Value: | $200.00 PSF |
| Current Occupancy After One Year Ownership: | 100.00% |
| Average Rent PSF After One Year: | $7.00-$12.00 PSF |
| Income Increase Over Past Twenty: | 400% |
