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Palm Bay Plaza
2539 Palm Bay Rd. NE.
Palm Bay, FL
7,308 Sq. Ft.
Property Facts
| Building Area: | 7,308 Sq. Ft. |
| # of Units in Building: | 7 Retail/Office Units |
| Unit Range: | 1,050 Sq. Ft. |
| Construction: | CBS |
| Utilities: | City Water/Sewer |
| Year Built: | 2009 |
| Property Type: | Professional Office/Retail Building |
| Air Conditioning: | 100% Central Air |
| Building Height: | Single Story |
Property at Purchase
| Purchase Price: | $493,750.00 |
| Purchase Price PSF: | $67.56 |
| Occupancy at Purchase: | 40% |
| Average Rent PSF At Purchase: | $7.00 PSF |
After Renovation and Transformation
| Cash Out Via Insurance Recovery: | $200,000.00 |
| Current Replacement Cost Value: | $225 PSF |
| Occupancy After One Year of Ownership: | 100.00% |
| Average Rent PSF After Renovation: | $11.00 PSF |
| Renovation Capital Expenditures: | $5.00 PSF |
