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Osceola Professional Building
401 Ocean Avenue
Melbourne Beach, FL
13,500 Sq. Ft.
Property Facts
| Building Area: | 13,500 Sq. Ft. |
| # Units in Building: | 15 |
| Restrooms: | 2 per Floor |
| Parking: | 72 Spaces |
| Construction: | CBS |
| Roof: | Built Up |
| Utilities: | City Water/Sewer |
| Zoning: | 8-B Residential Business Zoning |
| Year Built: | 1979 |
| Land Size: | 1.15 Acres |
| Property Type: | Professional Office |
| Elevator: | Yes |
Property at Purchase
| Purchase Price: | $870,000.00 |
| Purchase Price PSF: | $59.80 |
| Occupancy at Purchase: | 10% |
| Average Rent PSF At Purchase: | $6.00 PSF |
After Renovation and Transformation
| Cash Out Via Insurance: | $285,000.00 |
| Current Replacement Cost Value: | $325 PSF |
| Occupancy After Two Years of Ownership: | 100.00% |
| Average Rent PSF After Renovation: | $16.00 PSF |
| Renovation Capital Expenditures: | $25.00 PSF |
