78,936 SF
7.66 acres
Built in 1989
Contact Agents
Property Documents
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Ray Turchi
Senior Managing Director Investments
[email protected]
Senior Managing Director Investments
[email protected]
(407) 557-3847 (office)
(321) 297-6576 (mobile)
David Vaughan
First Vice President Investments
[email protected]
First Vice President Investments
[email protected]
(407) 557-3829 (office)
(407) 718-2874 (mobile)
Investment Highlights
•78,936 Rentable Square Foot Retail Plaza Priced at $89/SF
•96% Occupancy Rate
•Ability to Create an Outparcel on Southwest Corner of Property
•Value Add Upside Through Below Market Rents – See Page 25
•Situated on 7.66 Acres With Signalized Corner
•246 Parking Spaces
•Direct Frontage, Access & Monument Signage on Sarno Road & Apollo Blvd
•Quick Access to Interstate 95, US 1 & SR 518
•Nationally-Recognized Tenants in the Immediate Area
•Approximately 500 Feet of Frontage on Sarno Road and 370 Feet on Apollo Boulevard | Aggregate Traffic Count of 44,800 Vehicles Daily
•Excellent Location in the Geographic Center of Melbourne and Contiguous to the Fast-Growing Airport Economic Zone
•Across the Street (Sarno Road) From the Airport Commercial Park Where Every Aerospace Company has Operations
•New $72 Million Melbourne International Airport Terminal to be Built Early 2022
•Seven Miles From the new Space Coast Town Centre
Key Metrics
Cap Rate Current Year:
7.06%
Price/ SF
$89.14
Listing Agents:
Ray Turchi
David Vaughan
Ray Turchi
(407) 557-3847
David Vaughan
(407) 557-3829