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Malabar Professional Building
1326 Malabar Road SE
Palm Bay, FL
9,010 Sq. Ft.
Property Facts
| Building Area: | 9,010 Sq. Ft. |
| # of Units: | 9 Units |
| Unit Size: | 1,024-3,112 +/- Sq. Ft. |
| Construction: | Concrete Block Stucco |
| Roof: | Barrel Tile |
| Utilities: | City Water/ Septic |
| Zoning: | Permitted Uses: Retail Office, Medical, Financial Institutions, & Personal Service |
| Year Built: | 1984 |
| Building Height: | Two Stories With Elevator |
Property at Purchase
| Purchase Price: | $475,000.00 |
| Purchase Price PSF: | $52.71 |
| Occupancy at Purchase: | 25.00% |
| Average Rent PSF At Purchase: | $6.00 PSF |
After Renovation and Transformation
| Current Replacement Cost Value: | $250.00 PSF |
| Occupancy After One Years of Ownership: | 100.00% |
| Average Rent PSF After Renovation: | $14.00 PSF |
| Renovation Capital Expenditures: | $20.00 PSF |
